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HomeBuyers See More Choices, Lower Prices in New Home Market

Buyers See More Choices, Lower Prices in New Home Market

Buyers See More Choices, Lower Prices in New Home Market

By: Mortgage News Daily | Published: 2025-07-24 19:54:00 | Source: www.mortgagenewsdaily.com

The latest New Home Sales report (released today) shows a slight uptick in June after last month’s sharp drop. The seasonally‑adjusted annual sales pace rose to 627,000.

This represents a modest +0.6% gain from May’s revised 623,000, but remains ‑6.6% below the June 2024 level of 671,000. 

For all practical purposes, the pave of sales has been relentlessly sideways and stable for more than 2 years–even if there’s been a bit of volatility at times.


Regional Breakdown (Sales, June 2025)

  • South: +5.1% MoM (driving national gain)
  • Midwest: +6.3% MoM
  • Northeast: ‑27.6% MoM
  • West: ‑8.4% MoM

Market Inventory & Pricing

  • Homes for sale: 511,000 units (+1.2% from May; +8.5% YoY)
  • Months’ supply: 9.8 months (highest since November 2022)
  • Median sales…

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