Average New Home Prices Tumble Nearly Nine Percent in August

By Jessi Healey · Inman · 2026-09-25

According to Inman, recent Census Bureau data shows the average price of a new home dropped 8.8 percent year-over-year to $478,700. While the volume of sales rose to a seasonally adjusted annual rate of 684,000, government officials noted that the price decline was the only stati

According to Inman, recent Census Bureau data shows the average price of a new home dropped 8.8 percent year-over-year to $478,700. While the volume of sales rose to a seasonally adjusted annual rate of 684,000, government officials noted that the price decline was the only stati