If you've been house hunting in Tampa Bay and automatically assumed that a resale home would cost less than something brand new—think again.
For the first time in years, existing homes are selling for more than new construction.
According to the latest data, the median price of an existing home is now $429,400. For new construction? It's $410,800. That's a difference of $18,600—in favor of the brand-new home.
So if you've been overlooking new builds because you thought they were out of reach, now's the time to take another look.
Let's break down what's happening, why it matters, and what you should...