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Market Updates

  • New Home Sales Dip Amid Rising Inventory and Market Shifts

    Housing Market Faces Adjustments as Sales Decline

    The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) reported that new home sales in January 2025 fell to a seasonally adjusted annual rate of 657,000. This reflects a 10.5% decrease from December and a 1.1% decline compared to January 2024.

  • Market Trends and Inventory Levels

    1. Inventory levels increased, with 657,000 new homes available for sale—the highest recorded in the past year.

    2. The months of supply rose to 9.0, signaling an increase in housing availability.

    3. The median sales price for new homes climbed to $446,300 from $432,100, while the average price reached $510,000, up from $495,500.