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U.S. Home Sales Surge 7.4%, South Leads Recovery

4/24/2025

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Summary

Story summary

In March 2025, new home sales in the U.S. surged by 7.4%, reaching an impressive annual rate of 724,000, defying predictions. The South shone brightly with a remarkable 13.6% increase, while the Northeast and West faced setbacks. With the median price dipping to $403,600 and inventory rising to 503,000 homes, the market shows promising signs of recovery.

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Story summary

In March 2025, new home sales in the U.S. surged by 7.4%, reaching an impressive annual rate of 724,000, defying predictions. The South shone brightly with a remarkable 13.6% increase, while the Northeast and West faced setbacks. With the median price dipping to $403,600 and inventory rising to 503,000 homes, the market shows promising signs of recovery.