Sales of newly built, single-family homes from December to January decreased 10.5% to a 657,000 seasonally adjusted annual rate, according to data from the U.S. Census Bureau.
The pace of new home sales in January was down 1.1% compared with January 2024.
The median sales price of new houses sold in January 2025 was $446,300, up 3.7% from January 2024.
Meanwhile, January’s new single-family home inventory rose 7.4% from January 2023 to a level of 495,000. And January’s completed ready-to-occupy inventory was at a level of 118,000, up 39% compared to a year ago.
Read the full report here.
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