【Zillow】February 2025: New Home Sales Rebound In Relatively More Affordable Regions

• There were 676,000 (SAAR) new single family home sales nationwide in February. That’s a 1.8% increase from the revised January rate of 664,000. Sales of newly built homes are 5.1% above the February 2024 estimate, according to the U.S. Census Bureau.
• The median price of new houses sold was $414,500, down 1.5% from a year ago.
• The seasonally-adjusted estimate of new houses for sale at the end of February was 500,000, a supply of 8.9 months at the current sales rate. This is down slightly from 9 months in January but still higher than the 8.7 months in February 2024.

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