New home sales pulled back in April after stronger readings in the prior two months. According to the latest Census Bureau and HUD data, sales of new single-family homes fell to a seasonally adjusted annual rate of 622,000 , down 6.2% from March and 11.3% from a year earlier. Inventory moved slightly higher, with the number of new homes for sale rising to 489,000 , up 1.7% from March but still 2.2% below April 2025 levels. At the current sales pace, that left months’ supply at 9.4 months , up from 8.7 months in March and 8.6 months one year ago. Pricing was mixed. The median sales price climbed to $422,500 , up 8.0% from March and 2.2% from a year earlier. The average sales price ticked up to $508,800 , a modest 0.7% monthly gain, though it remained 1.1% below last year’s level.
Sales (MoM): -6.2%
Sales (YoY): -11.3%
Inventory (MoM): +1.7%
Inventory (YoY): -2.2%
Months’ Supply: 9.4 (up from 8.7 prior month; 8.6 YoY)
Median Price: $422,500
Average Price: $508,800
Sales (MoM): -6.2%
Sales (YoY): -11.3%
Inventory (MoM): +1.7%
Inventory (YoY): -2.2%
Months’ Supply: 9.4 (up from 8.7 prior month; 8.6 YoY)
Median Price: $422,500
Average Price: $508,800