New Home Sales Declined 10.5% in January

Washington, DC, February 26, 2025-Sales of new single-family houses in January 2025 were at a seasonally adjusted annual rate of 657,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.5% below the revised December rate of 734,000 and 1.1% below the January 2024 estimate of 664,000.

The median sales price of new houses sold in January 2025 was $446,300. The average sales price was $510,000.

The seasonally-adjusted estimate of new houses for sale at the end of January was 495,000. This represents a supply of 9.0 months at the current sales rate.