Economic Buzz: US new home sales down by 6.2% in April
The median sales price of new houses rose to $422,500 in the reported period, up 8% month-on-month and 2.2% year-on-year. The average sales price of new houses sold reached $508,800, increasing by 0.7% on a monthly basis and decreasing by 1.1% on an annual basis.
The seasonally-adjusted estimate of new homes for sale at the end of April was 489,000, a 1.7% rise from March but a 2.2% decline from April 2025.
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