New Home Sales Rose 10.9% in April

Washington, DC, May 23, 2025-Sales of new single-family houses in April 2025 were at a seasonally-adjusted annual rate of 743,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.9% above the March 2025 rate of 670,000 and 3.3% above the April 2024 rate of 719,000.

The seasonally-adjusted estimate of new houses for sale at the end of April 2025 was 504,000. This is 0.6% below the March 2025 estimate of 507,000, and is 8.6% above the April 2024 estimate of 464,000.

This represents a supply of 8.1 months at the current sales rate. The months' supply is 11.0% below the March 2025 estimate of 9.1 months, and is 5.2% above the April 2024 estimate of 7.7 months.

The median sales price of new houses sold in April 2025 was $407,200. This is 0.8% above the March 2025 price of $403,700, and is 2.0% below the April 2024 price of $415,300. The average sales price of new houses sold in April 2025 was $518,400. This is 3.7% above the March 2025 price of $499,700, and is 3.6% above the April 2024 price of $500,600.