June 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 edged up 0.8% month-over-month to a seasonally adjusted annual rate of 4.03 million units, exceeding economists’ expectations, although sales were down 0.7% year-over-year, according to the National Association of REALTORS® (NAR). On a monthly basis, sales increased in the Midwest, Northeast, and South but decreased in the West.
New listings increased 7.7% for residential homes but decreased 6% for townhouse/condo homes. Pending sales increased 1% for residential homes but decreased 23.2% for townhouse/condo homes. Inventory increased 4.9% for residential homes and 35.3% for townhouse/condo homes.
Median sales price increased 3.1% to $335,000 for residential homes but decreased 7.3% to $222,500 for townhouse/condo homes. Days on market increased 9.1% for residential homes and 31.3% for townhouse/condo homes. Months supply of inventory increased 9.1% for residential homes and 44% for townhouse/condo homes.
Heading into June, there were 1.54 million units for sale across the country, a 6.2% increase from the previous month and a 20.3% improvement over the same period last year, representing a 4.6-month supply at the current sales pace, according to NAR. Despite the additional supply, home prices have continued to rise nationwide, albeit at a slower pace than during the pandemic, climbing 1.3% year-over-year to $422,800 as of last measure.
