New home sales slipped 0.6% last month—better than the 4.5% drop everyone expected, but the prior month got quietly revised down from 6.4% to 5.1%. That's how the game works: big headline, quiet revision.
Median price climbed to $400,400. Average selling price hit $472,800. The gap between median and average keeps widening, which tells you the high end is still moving while the middle stays sticky.
Housing isn't crashing, but it's not exactly thriving either. Prices holding up doesn't mean affordability is improving. It just means supply is still too tight and buyers with money are still buying.
The real story is always in the revisions and the spread between median and average. That's where you see who's actually transacting and who's just waiting.
Median price climbed to $400,400. Average selling price hit $472,800. The gap between median and average keeps widening, which tells you the high end is still moving while the middle stays sticky.
Housing isn't crashing, but it's not exactly thriving either. Prices holding up doesn't mean affordability is improving. It just means supply is still too tight and buyers with money are still buying.
The real story is always in the revisions and the spread between median and average. That's where you see who's actually transacting and who's just waiting.