#new-home-sales

#new-home-sales

As the pace of new-home sales slowed, inventory rose to 499,000 units at the end of July, up 7.3% compared to a year ago. On a monthly basis, however, inventory was down 0.6%. This supply represents 9.2 months of inventory at the current sales pace. With inventory rising and home sales slowing, the median sales price posted both monthly and yearly declines in July. The figure of $403,800 was down 0.8% month over month and 5.9% year over year.

In July 2025, new single-family home sales were estimated at a seasonally adjusted annual rate of 685,000 units, a 2.7% increase from June's 667,000.

The sales of new single-family homes in April 2025 reached an annualized rate of 743,000, marking a notable increase over previous months and years.

The median existing home sales price for March was $403,700, up from $392,900 the previous year, indicating a continued but slower climb in home prices.