The U.S. Government is reporting that sales of new single-family houses in January, 2025 were at a seasonally adjusted annual rate of 657k, which is 10.5% lower than December’s revised rate and is 1.1% lower than one year ago. The median sales price of new houses sold in January was $446,300 with an average sales price of $510k. There were an estimated 495k new houses for sale at the end of January representing a 9-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
