Gap Between Price of New Construction & Price of Existing Homes Narrows in Georgia, Across Country

The average price of new construction homes in Georgia and across the country averaged 28% higher than the price of existing homes in June, the smallest price gap since 2010. Prices of existing homes continue to rise as buyers compete for fewer homes on the market while builders, facing shortages of land and higher construction costs due to recent tariffs, have begun focusing on smaller, less expensive homes with fewer upgrades farther out in the suburbs.

Peachtree Mortgage Services, Inc. offers home mortgages throughout the Atlanta area and the entire state of Georgia. Contact us at peachtmtg@bellsouth.net or 770.481.0052 to discuss a new home loan for your purchase of a new or existing home or a refinance loan.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.