FOR RELEASE AT 10:00 AM EDT, TUESDAY, MARCH 25, 2025

MONTHLY NEW RESIDENTIAL SALES, FEBRUARY 2025

Release Number: CB25-46

March 25, 2025 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential sales statistics for February 2025:

NEW RESIDENTIAL New Residential Sales

SALES (Seasonally Adjusted Annual Rate)
1,200
FEBRUARY 2025
1,000
New Houses Sold1: 676,000

Thousands of Units
800
New Houses For Sale2: 500,000
600
Median Sales Price: $414,500
400
Next Release: April 23, 2025
200
Houses Sold
Seasonally Adjusted Annual Rate (SAAR)
1
0
2
Seasonally Adjusted
Feb-20 Feb-21 Feb-22 Feb-23 Feb-24 Feb-25
Source: U.S. Census Bureau, HUD, March 25, 2025
Source: U.S. Census Bureau, HUD, March 25, 2025

New Home Sales

Sales of new single-family houses in February 2025 were at a seasonally adjusted annual rate of 676,000, according
to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban
Development. This is 1.8 percent (±18.6 percent)* above the revised January rate of 664,000 and is 5.1 percent
(±13.9 percent)* above the February 2024 estimate of 643,000.
Sales Price
The median sales price of new houses sold in February 2025 was $414,500. The average sales price was $487,100.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of February was 500,000. This represents a
supply of 8.9 months at the current sales rate.

The March report is scheduled for release on April 23, 2025. View the full schedule in the Economic Briefing Room:
<www.census.gov/economic-indicators/>. The full text and tables for this release can be found at
<www.census.gov/construction/nrs/>.

Data Inquiries Media Inquiries

Economic Indicators Division, Residential Construction Branch Public Information Office
301-763-5160 301-763-3030
eid.rcb.customer.service@census.gov pio@census.gov
EXPLANATORY NOTES
These statistics are estimated from sample surveys. They are subject to sampling variability as well as nonsampling
error including bias and variance from response, nonreporting, and undercoverage. Estimated average relative
standard errors of the preliminary data are shown in the tables. Whenever a statement such as “2.5 percent
(±3.2%) above” appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percent change
is likely to have occurred. All ranges given for percent changes are 90-percent confidence intervals and account only
for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero,
the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same
policies apply to the confidence intervals for percent changes shown in the tables. Changes in seasonally adjusted
statistics often show irregular movement. It takes 3 months to establish a trend for new houses sold. Preliminary
new home sales figures are subject to revision due to the survey methodology and definitions used. The survey is
primarily based on a sample of houses selected from building permits. Since a “sale” is defined as a deposit taken or
sales agreement signed, this can occur prior to a permit being issued. An estimate of these prior sales is included in
the sales figure. On average, the preliminary seasonally adjusted estimate of total sales is revised about 3.2 percent.
Changes in sales price data reflect changes in the distribution of houses by region, size, etc., as well as changes in the
prices of houses with identical characteristics. Explanations of confidence intervals and sampling variability can be
found on our website.
<www.census.gov/construction/soc/methodology.html>
The Census Bureau has reviewed SOC monthly and quarterly tables to ensure appropriate access, use, and disclosure
avoidance protection of the confidential source data (Disclosure Review Board (DRB) approval number: CBDRB-
FY24-0281).
API
The Census Bureau’s application programming interface lets developers create custom apps to reach new users and
makes key demographic, socio-economic and housing statistics more accessible than ever before.
<www.census.gov/developers/>
FRED Mobile App
Receive the latest updates on the nation’s key economic indicators by downloading the
FRED App <https://fred.stlouisfed.org/fred-mobile/> for both Apple and Android devices.
FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates
the Census Bureau’s 13 economic indicators.

###
* The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from
zero.

Data Inquiries Media Inquiries

Economic Indicators Division, Residential Construction Branch Public Information Office
301-763-5160 301-763-3030
eid.rcb.customer.service@census.gov pio@census.gov
New Privately-Owned Houses Sold and For Sale
(Thousands of Units. Detail may not add to total because of rounding.)

Table 1a - Seasonally adjusted

1
Sold during period For sale at end of period Median Average
Period United North- Mid- United North- Mid- Months' sales price sales price
States east west South West States east west South West supply2 ($) ($)
2024
February . . . . . . . . . . . . . . . . . . . . . . . . . . 643 43 74 368 158 465 X X X X 8.7 X X
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 683 42 82 395 164 466 X X X X 8.2 X X
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 736 32 86 459 159 464 X X X X 7.6 X X
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 672 23 84 416 149 468 X X X X 8.4 X X
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 672 30 78 411 153 468 X X X X 8.4 X X
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 707 33 79 404 191 464 X X X X 7.9 X X
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 691 21 75 436 159 471 X X X X 8.2 X X
September . . . . . . . . . . . . . . . . . . . . . . . . 726 30 79 460 157 473 X X X X 7.8 X X
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 623 41 75 361 146 480 X X X X 9.2 X X
November (r) . . . . . . . . . . . . . . . . . . . . . . 676 27 87 435 127 487 X X X X 8.6 X X
December (r) . . . . . . . . . . . . . . . . . . . . . . 713 36 84 438 155 488 X X X X 8.2 X X

2025
January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 664 28 63 411 162 496 X X X X 9.0 X X
February (p) . . . . . . . . . . . . . . . . . . . . . . 676 22 76 438 140 500 X X X X 8.9 X X
. Average RSE (%) 3 . . . . . . . . . . . . . . . . . 10 37 21 15 14 4 X X X X 13 X X
Percent Change4
Feb. 2025 from Jan. 2025 . . . . . . . . . . . . 1.8% -21.4% 20.6% 6.6% -13.6% 0.8% X X X X -1.1% X X
. 90 percent confidence interval 5 . . . . . . ± 18.6 ± 34.8 ± 44.5 ± 28.9 ± 21.6 ± 1.0 X X X X ± 17.1 X X
Feb. 2025 from Feb. 2024 . . . . . . . . . . . 5.1% -48.8% 2.7% 19.0% -11.4% 7.5% X X X X 2.3% X X
. 90 percent confidence interval 5 . . . . . . ± 13.9 ± 33.9 ± 26.5 ± 22.0 ± 26.2 ± 5.4 X X X X ± 13.4 X X

Table 1b - Not seasonally adjusted

Sold during period For sale at end of period Median Average
Period United North- Mid- United North- Mid- Months' sales price sales price
States east west South West States east west South West supply ($) ($)
2023 Annual . . . . . . . . . . . . . . . . . . . . . . . 666 33 68 412 153 450 31 44 268 107 X 428,600 514,000
2024 Annual (r) . . . . . . . . . . . . . . . . . . . . 686 34 80 414 157 490 28 47 299 116 X 421,000 513,600
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 3 13 14 4 8 5 17 14 8 6 X 4 3
2024 Year to date . . . . . . . . . . . . . . . . . . 116 9 14 65 29 X X X X X X X X
2025 Year to date . . . . . . . . . . . . . . . . . . 116 4 12 73 27 X X X X X X X X
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 5 25 13 7 9 X X X X X X X X
Year to date percent change⁴ . . . . . . . . -0.2% -50.8% -13.5% 12.4% -6.7% X X X X X X X X
. 90 percent confidence interval 5 . . . . . . ± 9.7 ± 31.2 ± 17.1 ± 16.3 ± 14.5 X X X X X X X X
2024
February . . . . . . . . . . . . . . . . . . . . . . . . . . 58 4 7 33 14 457 26 43 279 109 7.8 420,900 509,700
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 4 8 38 15 455 24 42 279 109 7.0 436,400 522,500
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 3 8 40 14 458 24 42 283 109 7.0 415,300 500,600
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 2 8 37 14 466 26 41 290 110 7.6 414,300 499,300
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 2 6 35 14 468 25 41 293 108 8.1 414,000 495,500
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 3 8 34 16 467 26 40 295 106 7.7 429,000 513,200
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 2 6 35 13 474 27 42 297 108 8.5 405,800 475,600
September . . . . . . . . . . . . . . . . . . . . . . . . 58 2 6 37 12 474 27 44 293 110 8.2 421,100 505,800
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 3 5 27 11 491 27 48 304 113 10.6 426,300 521,900
November (r) . . . . . . . . . . . . . . . . . . . . . . 46 2 5 30 9 493 27 47 304 115 10.7 397,600 483,000
December (r) . . . . . . . . . . . . . . . . . . . . . . 54 3 5 35 11 490 28 47 299 116 9.1 416,900 509,500

2025
January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 57 2 6 34 14 496 30 47 300 119 8.8 427,400 507,900
February (p) . . . . . . . . . . . . . . . . . . . . . . 59 2 6 39 12 494 31 47 296 120 8.3 414,500 487,100
. Average RSE (%) 3 . . . . . . . . . . . . . . . . . 10 37 21 15 14 4 17 14 7 6 13 5 4
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Seasonally-adjusted houses sold are published at annual rates
2
Ratio of houses for sale to houses sold
3
Average relative standard error for the latest 6-month period
4
Computed using unrounded data
5
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, March 25, 2025.
Additional information on the survey methodology may be found at <www.census.gov/construction/soc/methodology.html>.
New Privately-Owned Houses Sold, by Sales Price
(Thousands of Units. Detail may not add to total because of rounding.)

1
Table 2a - Number of Houses
Price Ranges
Period Under $300,000 $400,000 $500,000 $600,000 $800,000 $1,000,000
Total $300,000 to $399,999 to $499,999 to $599,999 to $799,999 to $999,999 and over
2023 Annual . . . . . . . . . . . . . . . . . . . . . . . 666 92 192 134 97 84 33 35
2024 Annual (r) . . . . . . . . . . . . . . . . . . . . 686 113 199 129 90 84 34 36
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 4 12 11 8 24 23 11 12

2024
February . . . . . . . . . . . . . . . . . . . . . . . . . . 58 9 18 9 8 7 4 3
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 9 18 12 10 8 4 4
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 10 20 13 7 8 3 3
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 10 20 11 9 7 3 3
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 10 17 12 7 7 3 3
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 10 17 11 10 7 3 3
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 11 16 11 7 6 2 2
September . . . . . . . . . . . . . . . . . . . . . . . . 58 11 15 10 8 7 3 3
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 6 13 10 6 6 2 2
November (r) . . . . . . . . . . . . . . . . . . . . . . 46 10 13 8 6 5 1 2
December (r) . . . . . . . . . . . . . . . . . . . . . . 54 10 15 10 7 7 3 2

2025
January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 57 10 15 12 8 7 3 3
February (p) . . . . . . . . . . . . . . . . . . . . . . 59 9 20 11 8 8 2 2
2
. Average RSE (%) . . . . . . . . . . . . . . . . . 10 23 17 18 27 27 30 31

Table 2b - Percent Distribution

Price Ranges
Period Under $300,000 $400,000 $500,000 $600,000 $800,000 $1,000,000
Total $300,000 to $399,999 to $499,999 to $599,999 to $799,999 to $999,999 and over
2023 Annual . . . . . . . . . . . . . . . . . . . . . . . 100 14 29 20 15 13 5 5
2024 Annual (r) . . . . . . . . . . . . . . . . . . . . 100 16 29 19 13 12 5 5
. SE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . X 2 3 1 3 3 1 1

2024
February . . . . . . . . . . . . . . . . . . . . . . . . . . 100 15 31 16 14 12 6 5
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 15 28 18 15 13 6 6
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 16 30 21 11 13 4 5
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 16 33 18 14 11 5 4
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 17 29 21 12 11 4 5
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 16 27 18 17 12 5 4
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 19 30 21 12 12 3 4
September . . . . . . . . . . . . . . . . . . . . . . . . 100 20 26 18 14 13 5 5
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 14 29 21 13 13 5 5
November (r) . . . . . . . . . . . . . . . . . . . . . . 100 21 29 17 13 11 3 5
December (r) . . . . . . . . . . . . . . . . . . . . . . 100 18 28 18 13 13 5 4

2025
January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 100 17 27 21 14 12 5 5
February (p) . . . . . . . . . . . . . . . . . . . . . . 100 15 34 19 13 13 3 4
. SE (%). . . . . . . . . . . . . . . . . . . . . . . . . . . . X 2 3 3 5 5 1 1
p Preliminary r Revised
A Represents an RSE or SE that is greater or equal to 100 percent or could not be computed
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable Z Less than 500 units or less than 0.5 percent
1
Houses for which sales price was not reported have been distributed proportionally to those for which sales price was reported
2
Average relative standard error for the latest 6-month period

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, March 25, 2025.
Additional information on the survey methodology may be found at <www.census.gov/construction/soc/methodology.html>.
New Houses Sold and For Sale by Stage of Construction and Median Number of Months on Sales Market
(Thousands of Units. Detail may not add to total because of rounding.)

Table 3a - Seasonally adjusted

Sold during period 1 For sale at end of period Median
Period Under Under months for
2
Total Not started construction Completed Total Not started construction Completed sale
2024
February . . . . . . . . . . . . . . . . . . . . . . . . . . 643 85 283 275 465 94 283 88 X
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 683 91 258 334 466 91 286 89 X
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 736 108 246 382 464 89 284 91 X
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 672 86 243 343 468 92 282 94 X
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 672 92 238 342 468 89 280 99 X
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 707 104 258 345 464 93 268 103 X
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 691 86 217 388 471 94 271 106 X
September . . . . . . . . . . . . . . . . . . . . . . . . 726 106 243 377 473 95 271 107 X
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 623 92 204 327 480 95 275 110 X
November (r) . . . . . . . . . . . . . . . . . . . . . . 676 64 214 398 487 97 276 114 X
December (r) . . . . . . . . . . . . . . . . . . . . . . 713 91 233 389 488 99 276 113 X

2025
January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 664 73 256 335 496 101 279 116 X
February (p) . . . . . . . . . . . . . . . . . . . . . . 676 83 252 341 500 102 279 119 X
3
. Average RSE (%) . . . . . . . . . . . . . . . . . 10 13 12 11 4 9 5 8 X

Table 3b - Not seasonally adjusted

Sold during period For sale at end of period Median
Period Under Under months for
2
Total Not started construction Completed Total Not started construction Completed sale
2023 Annual . . . . . . . . . . . . . . . . . . . . . . . 666 103 285 278 450 95 269 87 2.5
2024 Annual (r) . . . . . . . . . . . . . . . . . . . . 686 95 242 349 490 95 277 119 2.6
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 8 6 5 9 5 8 8

2024
February . . . . . . . . . . . . . . . . . . . . . . . . . . 58 9 25 25 457 93 273 90 2.5
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 9 24 32 455 92 276 87 2.8
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 11 22 32 458 88 281 88 2.3
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 8 23 30 466 96 281 89 2.4
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 7 21 29 468 89 284 94 2.1
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 9 23 28 467 92 275 99 2.2
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 7 18 31 474 94 276 104 2.2
September . . . . . . . . . . . . . . . . . . . . . . . . 58 8 20 30 474 92 276 106 2.5
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 6 15 25 491 97 282 112 2.4
November (r) . . . . . . . . . . . . . . . . . . . . . . 46 4 13 29 493 94 280 119 2.4
December (r) . . . . . . . . . . . . . . . . . . . . . . 54 6 14 34 490 95 277 119 2.6

2025
January (r) . . . . . . . . . . . . . . . . . . . . . . . . . 57 7 22 28 496 104 274 118 2.8
February (p) . . . . . . . . . . . . . . . . . . . . . . 59 8 22 29 494 104 269 121 2.9
3
. Average RSE (%) . . . . . . . . . . . . . . . . . 10 13 12 11 4 9 5 8 8
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Seasonally-adjusted houses sold are published at annual rates
2
Median number of months for sale since completion
3
Average relative standard error for the latest 6-month period

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, March 25, 2025.
Additional information on the survey methodology may be found at <www.census.gov/construction/soc/methodology.html>.