Census Bureau · · Revised 21 series
US new home sales steady at 676k in September; median price down 3.9% on the year
Sales of newly built US single-family homes ran at an annual rate of 676k (thousand) in September, barely below August's 680k. Prices remain soft: the median price is 3.9% below a year earlier.
A data update from FactIQ, written from Census Bureau figures. What is FactIQ?
Key figures
- US new single-family home sales, September, seasonally adjusted annual rate
- 676kdown from a revised 680k in August; 714k in September 20252022-10-012026-09-01Annual Rate of New Single-family Houses Sold in the United States (All Houses)
- Median sales price of new single-family homes, September
- $400,4003.9% below a year earlier ($416,800)2022-10-012026-09-01Median Sales Price in Dollars of New Single-family Houses Sold in the United States
- New single-family homes for sale, September, seasonally adjusted
- 476kdown from 481k; lowest in at least 15 months2022-10-012026-09-01Seasonally Adjusted New Single-Family Houses for Sale in the United States
- Months' supply of new homes at the current sales pace, September
- 8.4eased from 8.52022-10-012026-09-01Months of Supply of New Single-Family Homes for Sale in the United States at the Current Sales Rate, Seasonally Adjusted
Sales held steady in September but are lower than a year ago
New home sales count contracts signed to buy newly built single-family houses. They are an early signal of housing demand. Sales ran at a seasonally adjusted annual rate of 676k (thousand) in September. That was slightly below August's revised 680k. August was first reported at 684k. Sales were down about 5% from 714k in September 2025.
- Sales of homes not yet started rose to 82k from 65k.
- Sales of completed homes rose to 380k from 376k.
- Sales of homes still under construction fell to 214k from 239k.
Prices are still below last year's level
The median sales price, the midpoint of all sale prices, rose to $400,400 in September. August's figure was revised down to $385,400, from a first estimate of $393,700. The median is still 3.9% below a year earlier ($416,800). The average price was $472,800. That was roughly flat on the month and about 7% lower than a year ago.
Fewer new homes are for sale
Seasonally adjusted homes for sale fell to 476k from 481k, the lowest in at least 15 months. Completed homes for sale dropped to 111k, down steadily from 128k in January. Homes for sale still under construction fell to 250k from 264k in June. Months' supply measures how long it would take to sell all homes for sale at the current sales pace. It eased to 8.4 from 8.5. One measure moved the other way: homes listed for sale but not yet started rose to 115k from 102k in June.
October will show the effect of higher mortgage rates
New-home sales are holding up much better than contracts on existing homes. Most September contracts were signed before mortgage rates jumped in late September. Earlier months saw small revisions: June went up to 680k from 672k, and July went up to 647k from 643k.
Source: Census Bureau. See all CENSUS data in FactIQ.