{"id":1343,"date":"2025-07-29T14:26:02","date_gmt":"2025-07-29T14:26:02","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/buyers-see-more-choices-lower-prices-in-new-home-market\/"},"modified":"2025-07-29T14:26:02","modified_gmt":"2025-07-29T14:26:02","slug":"buyers-see-more-choices-lower-prices-in-new-home-market","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/buyers-see-more-choices-lower-prices-in-new-home-market\/","title":{"rendered":"Buyers See More Choices, Lower Prices in New Home Market"},"content":{"rendered":"\n<div>\n<p>The latest New Home Sales report (released today) shows a slight uptick in June after last month\u2019s sharp drop. The seasonally\u2011adjusted annual sales pace rose to 627,000.<\/p>\n<p>This represents a modest +0.6% gain from May\u2019s revised 623,000, but remains \u20116.6% below the June 2024 level of 671,000.\u00a0<\/p>\n<p>For all practical purposes, the pave of sales has been relentlessly sideways and stable for more than 2 years&#8211;even if there&#8217;s been a bit of volatility at times.<\/p>\n<p><\/p>\n<hr\/>\n<p><strong>Regional Breakdown (Sales, June\u00a02025)<\/strong><\/p>\n<ul>&#13;<\/p>\n<li><strong>South:<\/strong> +5.1% MoM (driving national gain)<\/li>\n<p>&#13;<\/p>\n<li><strong>Midwest:<\/strong> +6.3% MoM<\/li>\n<p>&#13;<\/p>\n<li><strong>Northeast:<\/strong> \u201127.6% MoM<\/li>\n<p>&#13;<\/p>\n<li><strong>West:<\/strong> \u20118.4% MoM<\/li>\n<p>&#13;\n<\/ul>\n<hr\/>\n<p><strong>Market Inventory &amp; Pricing<\/strong><\/p>\n<ul>&#13;<\/p>\n<li>Homes for sale: 511,000 units (+1.2% from May; +8.5% YoY)<\/li>\n<p>&#13;<\/p>\n<li>Months\u2019 supply: 9.8 months (highest since November\u00a02022)<\/li>\n<p>&#13;<\/p>\n<li>Median sales price: $401,800 (\u20114.9% MoM; \u20112.9% YoY)<\/li>\n<p>&#13;<\/p>\n<li>Average sales price: $501,000 (\u20112.0% MoM; +1.1% YoY)<\/li>\n<p>&#13;\n<\/ul>\n<hr\/>\n<p><strong>Big Picture Takeaway<\/strong><\/p>\n<p>New home sales rose modestly in June but remain well below last year\u2019s levels, held back by elevated mortgage rates (~7%) and excess inventory. The housing market shows signs of cooling, with the median price slipping\u2014providing some relief for buyers, though mortgage costs continue to constrain demand.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The latest New Home Sales report (released today) shows a slight uptick in June after last month\u2019s sharp drop. The seasonally\u2011adjusted annual sales pace rose to 627,000. This represents a modest +0.6% gain from May\u2019s revised 623,000, but remains \u20116.6% below the June 2024 level of 671,000.\u00a0 For all practical purposes, the pave of sales [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[870,1143,259,326,260],"class_list":["post-1343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-buyers","tag-choices","tag-home","tag-market","tag-prices"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1343"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1344"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}