U.S. Census Bureau: Monthly New Residential Sales, January 2024

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

New Home Sales

Sales of new single-family houses in January 2025 were at a seasonally adjusted annual rate of 657,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.5 percent (±19.9 percent)* below the revised December rate of 734,000 and is 1.1 percent (±15.3 percent)* below the January 2024 estimate of 664,000.

Sales Price

The median sales price of new houses sold in January 2025 was $446,300. The average sales price was $510,000.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of January was 495,000. This represents a supply of 9.0 months at the current sales rate.

The February report is scheduled for release on March 25, 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