Single-Family Home Sales Declined 13.7% in May

Washington, DC, June 25, 2025-Sales of new single-family houses in May 2025 were at a seasonally-adjusted annual rate of 623,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 13.7% below the April 2025 rate of 722,000, and is 6.3% below the May 2024 rate of 665,000.

The seasonally-adjusted estimate of new houses for sale at the end of May 2025 was 507,000. This is 1.4% above the April 2025 estimate of 500,000 and is 8.1% above the May 2024 estimate of 469,000.

This represents a supply of 9.8 months at the current sales rate. The months' supply is 18.1% above the April 2025 estimate of 8.3 months and is 15.3% above the May 2024 estimate of 8.5 months.

The median sales price of new houses sold in May 2025 was $426,600. This is 3.7% above the April 2025 price of $411,400 and is 3.0% above the May 2024 price of $414,300. The average sales price of new houses sold in May 2025 was $522,200. This is 2.2% above the April 2025 price of $511,200 and is 4.6% above the May 2024 price of $499,300.