Prior month 0.682 million revised to 0.663MNew home sales 0.622M vs 0.665M estimate.New Homes sales down -6.2% vs +3.4% last month
Details for the month:
April new home sales: 622K annualized vs 663K in March
Month-over-month change: -6.2%
Year-over-year change: -11.3% vs 701K in April 2025
Inventories move higher
Homes for sale inventory: 489K vs 481K prior
Inventory change from March: +1.7%
Inventory change from year ago: -2.2%
Months’ supply: 9.4 months vs 8.7 months prior
Months’ supply vs year ago: 8.6 months
Higher supply suggests homes are taking longer to sell
Prices move higher
Median sales price: $422,500 vs $391,100 prior
Median price month-over-month: +8.0%
Median price year-over-year: +2.2%
Average sales price: $508,800 vs $505,200 prior
Average price month-over-month: +0.7%
Average price year-over-year: -1.1%
Summary:
The April new home sales report was weaker overall, with sales falling sharply from both the prior month and a year ago as affordability and mortgage rates continue to weigh on demand. Inventory and months’ supply increased, pointing to a softer housing market and more supply available for buyers. Despite weaker demand, home prices remained r
The data is based on signed contracts.
This article was written by Greg Michalowski at investinglive.com.