Will new construction lower prices?

Adding new construction supply can ease upward price pressure in a specific submarket over time, but it rarely causes existing home prices to fall outright, since demand across a growing region like the Lowcountry tends to absorb new inventory rather than flood the market. The effect also varies by location, since new construction concentrated in one part of a town affects that area's pricing more than a townwide average. Whether a new community changes the math for a nearby resale listing depends on how comparable the two actually are. Brian Beatty can help a seller understand how nearby new construction might affect their listing.