New Home Sales Declined 0.6% in July

Washington, DC, August 25, 2025-Sales of new single-family houses in July 2025 were at a seasonally-adjusted annual rate of 652,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 0.6% below the June 2025 rate of 656,000 and 8.2% below the July 2024 rate of 710,000.

The seasonally-adjusted estimate of new houses for sale at the end of July 2025 was 499,000. This is 0.6% below the June 2025 estimate of 502,000, and is 7.3% 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 from the June 2025 estimate of 9.2 months and is 16.5% above the July 2024 estimate of 7.9 months.

The median sales price of new houses sold in July 2025 was $403,800. This is 0.8% below the June 2025 price of $407,200 and is 5.9% 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% below the June 2025 price of $505,300 and is 5.0% below the July 2024 price of $513,200.