Urban New Construction Is Scarce and Commands High Price Premiums
According to Realtor.com's Q1 2026 report, urban new construction accounts for only 10.9% of listings but carries a significant price premium over existing homes in the same areas. Urban new builds are rare compared to suburban ones and come with an average median listing price of $738,662 versus $414,000 for existing urban homes.
Topics: construction trends housing market price premiums urban development