Prior month 0.618M revised higher from 0.580M previously reported.New-home sales for June 0.628M vs 0.610M estimateNew-home sales percentage change 1.6% versus -4.3% last month
Details on Inventories and Prices
Inventory was down 0.2% from May (486,000)
Inventory was down 3.2% from June 2025 (501,000)
Months’ supply:9.3 months
Supply was down slightly from 9.4 months in May
Supply was up from 9.0 months a year ago, indicating inventory remains relatively elevated
Sales Prices
Median sales price:$398,300Down 3.3% from May ($412,000)
Down 2.7% from June 2025 ($409,200)
Average sales price:$475,400Down 9.5% from May ($525,200)
Down 6.5% from June 2025 ($508,700)
Both median and average prices declined on both a monthly and annual basis, pointing to continued easing in new home pricing.
This is a June number. The 30 year mortgage rate is heading higher and the war is back on. The sales price data is a pretty big decline too. Supply remains elevated.
This article was written by Greg Michalowski at investinglive.com.