Sales of new single-family houses in were at a seasonally adjusted annual rate of 627,000 during June, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. The sales activity is a mild 0.6% rise above the May rate of 623,000, but it is also 6.6% below the June 2024 rate of 671,000.
The seasonally adjusted estimate of new houses for sale at the end of June was 511,000, a 1.2% uptick from the May 2025 estimate of 505,000 and is 8.5% above the June 2024 estimate of 471,000. This represents a supply of 9.8 months at the current sales rate.
The months’ supply is 1% above the May 2025 estimate of 9.7 months and is 16.7% above the June 2024 estimate of 8.4 months.
Furthermore, the median sales price of new houses sold in June 2025 was $401,800, a 4.9% drop from the May price of $422,700 and 2.9% below the June 2024 price of $414,000. The average sales price of new houses sold in June was $501,000, a 2% slip from the May price of $511,500, although it is also 1.1% above the June 2024 price of $495,500.
