April 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 decreased 5.9% month-over-month and 2.4% year-over-year to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity. Sales were down month-over-month in all four regions, with the West experiencing the largest decline, at 9.4%.
New listings increased 1% for residential homes and 28.8% for townhouse/condo homes. Pending sales decreased 5% for residential homes but increased 13.3% for townhouse/condo homes. Inventory increased 8.3% for residential homes and 57.1% for townhouse/condo homes.
Median sales price increased 8.5% to $295,000 for residential homes but remained flat for townhouse/condo homes. Days on market remained flat for residential homes but increased 70.8% for townhouse/condo properties. Months supply of inventory increased 13.3% for residential homes and 61.1% for townhouse/condo homes.
According to NAR, total housing inventory increased 8.1% month-over-month to 1.33 million units heading into April, equivalent to a 4-month supply at the current sales pace. Although inventory is up nearly 20% from the same time last year, the additional supply has had little effect on home prices across much of the country, with the national median existing-home price climbing 2.7% year-over-year to $403,700 as of the last measure.
