Business & Finance
Realtor.com report ranks top US metros for newly built home purchases
The Carolinas account for six of the top 10 areas as homebuilders respond to regional migration and demand.
The short version
- Realtor.com released a ranking of the top 10 metropolitan areas for purchasing new construction homes based on inventory share, pricing competitiveness, and speed of market sales.
- Charleston-North Charleston, South Carolina, led the list, featuring a 24.8% new construction listing share and a 12.2% price discount compared to existing homes.
- Six of the top 10 metro areas are in North and South Carolina, driven by builder activity responding to strong inbound migration.
Key facts
- Realtor.com ranked US metropolitan areas for newly built home purchases by evaluating pricing competitiveness, inventory share, and speed of market sales.[Business Insider]
- Charleston-North Charleston, South Carolina, took the top spot, offering a 12.2% discount on new construction relative to existing homes and a 24.8% new construction listing share.[Business Insider]
- Six of the top 10 metropolitan areas on the list are situated in North Carolina and South Carolina.[Business Insider]
- U.S. Census Bureau data shows that nearly 40,000 people relocated from Florida to North Carolina in 2023.[Business Insider]
Sources
- The top 10 cities to buy a newly built home in the USBusiness Insider metered