New Single-Family Home Sales Up 5.1% YOY in February

Washington, DC, March 25, 2025-Sales of new single-family houses in February 2025 were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.8% above the revised January rate of 664,000 and 5.1% above the February 2024 estimate of 643,000.

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

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.