Oct 03, 2025
August 2025 New Home Sales and Prices Rise
In August 2025, sales of new single-family houses were reported at a seasonally adjusted annual rate of 800,000, according to estimates. This figure represents a 20.5 percent increase from July 2025 rate of 664,000, and a 15.4 percent increase compared with the August 2024 level of 693,000. The Northeast recorded the strongest gains, with sales rising 72 percent month over month and 41 percent year over year. By contrast, sales in the West increased 6 percent in August compared to the previous month but declined 6 percent relative to the prior year. The South remained the largest market, leading all regions in August with 530,000 units sold.
At the end of August 2025, the seasonally adjusted inventory of new houses for sale stood at 490,000, marking a 1.4 percent decline from July’s estimate of 497,000 but a 4.0 percent increase over the August 2024 level of 471,000. Based on the current sales pace, this represents a supply of 7.4 months, which is 17.8 percent lower than July’s 9.0 months of supply and 9.8 percent lower than the 8.2 months recorded in August 2024.
The median sales price of new houses sold in August 2025 was $413,500, an increase of 4.7 percent from July’s median of $395,100 and 1.9 percent higher than the median of $405,800 in August 2024. The average sales price reached $534,100, reflecting an 11.7 percent increase from July’s $478,200 and a 12.3 percent increase compared with $475,600 one year earlier.
Definition: The Monthly New Residential Sales report shows how many new single-family homes were sold, their prices, and the available inventory, giving insight into the housing market and economy.
