Sales of new single-family homes in the United States increased to a seasonally adjusted annual rate of 676 thousand units in February 2025, marking a 1.8% rise from the revised January figure of 664 thousand units. This is also 5.1% above the February 2024 total of 643 thousand units, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
Regionally, home sales presented varied results. The Midwest recorded the strongest increase, climbing 20.6% to 76 thousand units in February 2025 from 63 thousand in January. The South also saw growth, with sales rising 6.6% to 438 thousand units. Conversely, sales declined in the Northeast, dropping 21.4% to 22 thousand units, and in the West, where sales fell 13.6% to 140 thousand units.
Image: U.S. Census Bureau, HUD, March 25, 2025
The median sales price of new houses sold in February 2025 was $414,500, while the average price reached $487,100. Compared to February 2024, the median price dropped from $420,900, reflecting a decline of roughly 1.5%.
At the end of February 2025, there were 500 thousand new houses available for sale, equating to a supply of 8.9 months at the current sales rate. This inventory figure increased slightly from the 9-month supply recorded in January 2025 but remains stable compared to the 8.7-month supply seen in February 2024.