New Home Sales
Sales of new single-family houses in February 2025 were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.8 percent (±18.6 percent)* above the revised January rate of 664,000 and is 5.1 percent (±13.9 percent)* above the February 2024 estimate of 643,000.

Sales Price
The median sales price of new houses sold in February 2025 was $414,500. The average sales price was $487,100.

For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of February was 500,000. This represents a supply of 8.9 months at the current sales rate.