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New Home Sales: Growth, Prices, and Inventory Trends

Oct 22, 2025

According to the U.S. Census, sales of new single-family homes in August 2025 reached a seasonally adjusted annual rate of 800,000, up 20.5% from July’s 664,000. This increase reflects continued strength in the new home market.

The median sales price of newly sold homes in August was $413,500, while the average price was $534,100. Compared with August 2024, the median sales price rose 1.9%, and the average increased by a much higher 12.3%. Relative to January 2025, the median declined 3.7%, while the average rose 3.1%. The faster rise in the average price indicates that higher-priced and luxury homes are driving much of the overall price growth.

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New single-family houses for sale reached 490,000 in August, continuing the upward trend observed since April 2023 in which 419.000. This growth is largely driven by the sustained increase in the southern region. During the same period, the median time on the market was 2.7 months, compared to 1.9 months in the same month last year.

You can access detailed charts related to new home sales at link

Propbee Economics Team

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