Axios Denver

New houses are cheaper to buy in Denver metro

By John Frank,

4 hours ago

Data: Zillow; Note: Includes single-family homes, townhomes and condos; Chart: Axios Visuals

It's cheaper to buy a new home in the Denver metro area than an existing one.

By the numbers: The price per square foot for a new home is $310.08, a roughly $17 per foot discount, per the latest Zillow data .

Why it matters: People typically pay a premium for brand-new houses, but in this brutal home market , some are finding deals among new construction.

The big picture: The discount for new homes in the U.S. is the largest in years, with many builders shrinking homes to cut costs or offering incentives, including lower rates on mortgages.

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