US new home sales increased from 656k in October to 758k in November and 745k in December (up 3.8% YoY).

• An estimated 679k new homes were sold in 2025. This is -1.1% below the 2024 figure of 686k.
• The median sales price was $414,500, down -2.0% YoY, while the average sales price is up 4.7% YoY to $532,000.
• Total months' supply ended the year at 7.6x, down -1.3% MoM and -7.3% YoY.

US new home sales edged down -0.1% MoM to a SAAR of 737k (vs 710k expected) in October. However, this is up 18.7% compared to the pace a year ago.

• The median sales price fell -3.3% MoM and is down -8.0% YoY to $392,300, while the average sales price was up 3.0% MoM and down just -4.6% YoY.
• Total months’ supply was unchanged at 7.9x in October, but this was down -15.1% YoY.
• 25% of new homes sold in October were priced under $300,000, the lowest percentage in this segment since August 2021.

US new home sales surged in August by 20.5% to an SAAR of 800k (vs 650k expected), the largest one-month increase since August 2022.

• Total months' supply fell -17.8% MoM and -9.8% YoY to 7.4x, the lowest inventory since April 2024.
• The median price jumped 4.7% MoM and was up 1.9% YoY to $413,500, and the average sales price increased 11.7% MoM and 12.3% YoY.
• The percentage of homes sold under $300k in August was 20%, the highest since November 2024.

US new home sales edged down -0.6% MoM and -8.2% YoY to 652k (vs 630k expected) in July as sales of new homes continue to trend weak for the summer.

• The median sales price was down -5.9% YoY after a slight -0.8% MoM decline. Similarly, the average sales price was down -5.0% YoY after a -3.6% MoM decline.
• Total months' supply was unchanged at 9.2x in July, but inventories were up a sharp 16.5% YoY.
• At least 50% of homes sold in July were below $400k for the time since November 2024.

US new home sales rose 0.6% MoM but fell -6.3% YoY to a SAAR of 627k (vs 650k expected) in June 2025, recovering modestly after May’s sharp drop.

• Sales dropped -27.6% YoY in the Northeast but rose 6.3% in the South; the West and Midwest declined -8.4% and -9.6%, respectively.
• Months’ supply increased to 9.8x, up 1.0% MoM and 16.7% YoY, indicating continued inventory build relative to demand.
• The median sales price was down -4.9% MoM and -2.9% YoY to $401,800.
• Only 14% of homes sold were priced under $300,000, the lowest so far this year.