New Home Sales
Sales of new single-family houses in July 2025 were at a seasonally-adjusted annual rate of 652,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±15.5 percent)* below the June 2025 rate of 656,000, and is 8.2 percent (±14.0 percent)* below the July 2024 rate of 710,000.

For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of July 2025 was 499,000. This is 0.6 percent (±1.2 percent)* below the June 2025 estimate of 502,000, and is 7.3 percent (±5.7 percent) above the July 2024 estimate of 465,000.

This represents a supply of 9.2 months at the current sales rate. The months' supply is virtually unchanged (±16.7 percent)* from the June 2025 estimate of 9.2 months, and is 16.5 percent (±19.0 percent)* above the July 2024 estimate of 7.9 months.

Sales Price
The median sales price of new houses sold in July 2025 was $403,800. This is 0.8 percent (±5.9 percent)* below the June 2025 price of $407,200, and is 5.9 percent (±8.5 percent)* below the July 2024 price of $429,000. The average sales price of new houses sold in July 2025 was $487,300. This is 3.6 percent (±8.0 percent)* below the June 2025 price of $505,300, and is 5.0 percent (±8.6 percent)* below the July 2024 price of $513,200.