US New Residential Single-Family Home Sales Rise 7.4% in March
Monthly New Residential Sales, March 2025
On Wednesday, the US Census Bureau and Department of Housing and Urban Development jointly announced that new residential single-family home sales for March were at a seasonally adjusted annual rate (SAAR) of 724,000, according to estimates. This is 7.4% above the revised February rate of 674,000 and 6.0% above the March 2024 estimate of 683,000.
The seasonally adjusted estimate of new houses for sale at the end of the month was 503,000. This is 0.6% above the February estimate of 500,000 and 7.9% above the March 2024 estimate of 466,000.
This represents a supply of 8.3 months at the current sales rate—6.7% below the February estimate of 8.9 months and 1.2% above the March 2024 estimate of 8.2 months.
Sales Price
The median sales price of new houses sold in March was $403,600. This is 1.9% below the February price and 7.5% below the March 2024 price.
The average sales price was $497,700. This is 1.0% above February but is 4.7% below March 2024.
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