Your Money Minute August Home Sales Snapshot 10/7/25
Oct 7, 2025
In this insightful discussion, the surge in new construction sales is highlighted, revealing how builders attract buyers with discounts. Interestingly, the median price of new homes rose to $413,500, surprising observers given the sales boost. The existing home market is also tightening, with inventory down to a mere 4.6 months, suggesting continued price increases. Additionally, local market trends show price declines in 105 areas across the U.S., pointing to varied regional dynamics.
AI Snips
Chapters
Transcript
Episode notes
New Construction Sales Surge
- New home sales jumped because builders offered discounts, incentives, and mortgage rate buy-downs.
- The average new home price rose to $413,500, 4.7% above July as buyers responded to incentives.
Use Builder Incentives To Lower Costs
- Watch builder incentives like rate buy-downs and price cuts when shopping for new homes.
- Use those incentives to lower purchase costs or secure better financing terms.
Supply Crunch Keeps Prices Firm
- Existing-home supply shrank to a 4.6-month supply as sellers pulled listings.
- That lean supply kept median existing-home prices positive at $422,600 and up 2% year over year.