Sales of new single-family homes in the United States dropped to a seasonally adjusted annual rate of 652,000 units in July 2025, marking an 8% decrease from July 2024’s volume of 710,000. The monthly figure also edged down slightly from June’s 656,000 rate, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development.
The number of new single-family houses listed for sale reached 499,000 at the end of July, up 7% compared to July 2024’s inventory of 465,000. This level represents a 9.2-month supply at the current sales pace, unchanged from June but 17% higher than July of the previous year, which recorded a 7.9-month supply.
The national median sales price for new homes stood at $403,800 in July, down 6% from $429,000 in July 2024. The average sales price dropped to $487,300, a 5% decrease from $513,200 a year earlier. July marked the third consecutive month of year-over-year price declines.
Regionally, sales volume declined in the South and Midwest, with respective year-over-year shifts of -4% and +5%. The Northeast and West reported sharper year-over-year movements of -24% and -20%.
Among homes sold, 33% were priced between $400,000 and $499,999, followed by 21% in the $500,000–$599,999 range, 17% between $300,000 and $399,999, and just 3% exceeding $1 million.
Inventory levels included 111,000 homes not yet started, 267,000 under construction, and 121,000 completed properties available for purchase. The July figures show more finished homes available compared with earlier in the year, but the report does not attribute these changes to future pricing or construction outcomes.
