July 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 fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest.
New listings increased 1.1% for residential homes but decreased 2.7% for townhouse/condo homes. Pending sales decreased 10.8% for residential homes and 15.2% for townhouse/condo homes. Inventory increased 4.8% for residential homes and 30.6% for townhouse/condo homes.
Median sales price increased 8.1% to $335,000 for residential homes but decreased 10.5% percent to $214,000 for townhouse/condo homes. Days on market decreased 4.2% for residential homes but increased 33.3% for townhouse/condo homes. Months supply of inventory increased 13.6% for residential homes and 34.6% for townhouse/condo homes.
Nationally, the median existing-home sales price rose 2% year-over-year to $435,300, a new monthly high and the 24th consecutive month of annual price gains, according to NAR. Slower sales activity has contributed to rising inventory this year, with 1.53 million properties listed for sale heading into July, a 15.9% increase from the same time last year and equivalent to a 4.7-month supply at the current sales pace.
