U.S. Census Bureau: Monthly New Residential Sales, March 2025

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for March 2025:

New Home Sales

Sales of new single-family houses in March 2025 were at a seasonally-adjusted annual rate of 724,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.4 percent (±20.5 percent)* above the February 2025 rate of 674,000, and is 6.0 percent (±14.5 percent)* above the March 2024 rate of 683,000.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of March 2025 was 503,000. This is 0.6 percent (±1.3 percent)* above the February 2025 estimate of 500,000, and is 7.9 percent (±5.3 percent) above the March 2024 estimate of 466,000.

This represents a supply of 8.3 months at the current sales rate. The months’ supply is 6.7 percent (±15.6 percent)* below the February 2025 estimate of 8.9 months, and is 1.2 percent (±13.3 percent)* above the March 2024 estimate of 8.2 months.

Sales Price

The median sales price of new houses sold in March 2025 was $403,600. This is 1.9 percent (±6.1 percent)* below the February 2025 price of $411,500, and is 7.5 percent (±8.3 percent)* below the March 2024 price of $436,400. The average sales price of new houses sold in March 2025 was $497,700. This is 1.0 percent (±7.6 percent)* above the February 2025 price of $492,700, and is 4.7 percent (±7.1 percent)* below the March 2024 price of $522,500.

The April report is scheduled for release on May 23, 2025. View the full schedule in the Economic Briefing Room: <www.census.gov/economic-indicators/>. The full text and tables for this release can be found at <www.census.gov/construction/nrs/>.

Source: U.S. Census Bureau