August 2025 Housing Report
Information provided by St. Louis Realtors
"Each Housing Report, released around mid-month, provides a market snapshot of MLS sales activity covering the previous month for St. Louis City and County combined. It includes key performance indicators such as median sales price, number of homes sold, and days on the market – with year-over-year comparisons."
U.S. existing-home sales rose 2% month-over-month and 0.8% year-over-year to a seasonally adjusted annual rate of 4.01 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast a rate of 3.92 million units. Regionally, sales increased on a monthly basis in the West, South, and Northeast, but declined in the Midwest.
New listings decreased 1.3% for residential homes and 8.1% for townhouse/condo homes. Pending sales decreased 4.8% for residential homes but increased 1.8% for townhouse/condo homes. Inventory decreased 9.1% for residential homes but increased 15.5% for townhouse/condo homes.
Median sales price increased 3.2% to $320,000 for residential homes and 1.9% to $219,000 for townhouse/condo homes. Days on market increased 28% for residential homes and 21.2% for townhouse/condo homes. Months supply of inventory decreased 8% for residential homes but increased 13.8% for townhouse/condo homes.
Nationally, 1.55 million units were listed for sale heading into August, up 0.6% from the previous month and 15.7% higher than the same time last year, representing a 4.6-month supply at the current sales pace, according to NAR. Inventory is now at its highest level since May 2020, a shift that has helped slow price growth in many markets. As a result, the national median existing-home sales price edged up just 0.2% year-over-year to $422,400.
