New Home Sales During JUNE 2025

The June, 2025 New Home Sales report was released by the Commerce Department this morning:

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Previous Month (revised): 623,000

• Actual New Home Sales: 627,000

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• Change from 1 Month Previous: +4,000 units (+0.64%)
  
  
• Change from 1 Year Previous: -44,000 units (-6.56%)

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Median Price for a New Home
During June, 2025: $401,800

• Change from 1 Year Previous: -$12,200 (-2.95%)

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Average Price for a New Home
During June, 2025: $501,000

• Change from 1 Year Previous: +$5,500 (+1.11%)

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Inventory: 511,000 (+40,000 units / +8.49% Year-on-Year)

• 9.8 months supply at current sales rate; seasonally‐adjusted estimate.

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CHART: Cost of A Newly Built Home
JUNE 2025 Update

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• CHART: Cost of A Newly Built Home.
  
  
• Click Here for Existing Home Sales Prices and a Chart.
  
  
• Click Here for The Monthly Existing Home Sales Report.

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Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.

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• Click here to view the full Commerce Department report (PDF)
  
  

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Existing Home Sales During JUNE 2025

 Existing Home Sales report for June 2025 was released by The National Association of REALTORS® (NAR®) this morning:

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Previous Month: 4,040,000

• Actual: 3,930,000

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•  Change from Previous Month: -2.72% (-110,000 homes)
  
  
•  Change from A Year Ago (Y-o-Y): FLAT (No Change)

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• Inventory: 1,530,000 homes.

(4.7 months supply | +210,000 [+15.9%] homes Y-o-Y.)

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The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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• Median Price: $435,300 (New Record-High)
  
  
• Price Change from A Year Ago: +1.97% (+$8,400)

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• Click Here for Historical Prices and a Chart.
  
  
• Click Here for New Home Sales Data.
  
  
• Click Here for the monthly New Home Sales report.

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From Today's Report:

"...'The record high median home price highlights how American homeowners' wealth continues to grow -- a benefit of homeownership. The average homeowner's wealth has expanded by $140,900 over the past five years," said NAR Chief Economist Lawrence Yun.

'Multiple years of undersupply are driving the record high home price. Home construction continues to lag population growth. This is holding back first-time home buyers from entering the market. More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment.'

'High mortgage rates are causing home sales to remain stuck at cyclical lows. If the average mortgage rates were to decline to 6%, our scenario analysis suggests an additional 160,000 renters becoming first-time homeowners and elevated sales activity from existing homeowners,' Dr. Yun continued.

'Expanding participation in the housing market will increase the mobility of the workforce and drive economic growth. If mortgage rates decrease in the second half of this year, expect home sales to increase across the country due to strong income growth, healthy inventory, and a record-high number of jobs.'..."

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INFOGRAPHIC: Existing Home Sales
JUNE 2025 UPDATE
(Copyright © 2025 REALTORS®)

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• Click here to view the NAR data.

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