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

New Home Sales

Sales of new single-family houses in May 2025 were at a seasonally-adjusted annual rate of 623,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 13.7 percent (±13.1 percent) below the April 2025 rate of 722,000, and is 6.3 percent (±16.9 percent)* below the May 2024 rate of 665,000.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of May 2025 was 507,000. This is 1.4 percent (±1.3 percent) above the April 2025 estimate of 500,000, and is 8.1 percent (±5.5 percent) 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 percent (±19.4 percent)* above the April 2025 estimate of 8.3 months, and is 15.3 percent (±21.3 percent)* above the May 2024 estimate of 8.5 months.

Sales Price

The median sales price of new houses sold in May 2025 was $426,600. This is 3.7 percent (±8.2 percent)* above the April 2025 price of $411,400, and is 3.0 percent (±9.7 percent)* 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 percent (±8.4 percent)* above the April 2025 price of $511,200, and is 4.6 percent (±7.8 percent)* above the May 2024 price of $499,300.

The June report is scheduled for release on July 24, 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