November 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. sales of existing homes rose 1.2% from the previous month to a seasonally adjusted annual rate of 4.10 million, according to the National Association of REALTORS® (NAR), as buyers took advantage of lower mortgage rates this fall. Sales increased in the Midwest and South, held steady in the Northeast, and edged down in the West. Year-over-year, sales were up 1.7%, with gains in the Northeast, Midwest, and South, while the West posted a decline.
New listings decreased 7.3% for residential homes and 0.4% for townhouse/condo homes. Pending sales increased 1.5% for residential homes and 5.4% for townhouse/condo homes. Inventory decreased 13.6% for residential homes but increased 3.5% for townhouse/condo homes.
Median sales price increased 12.5% to $314,900 for residential homes but decreased 3.2% to $230,000 for townhouse/condo homes. Days on market increased 17.2% for residential homes and 21.1% for townhouse/condo homes. Months supply of inventory decreased 14.8% for residential homes but remained flat for townhouse/condo homes.
Nationally, inventory dipped 0.7% month-over-month but rose 10.9% year-over-year, totaling 1.52 million units, according to NAR. At the current sales pace, supply stands at 4.4 months, slightly below last month’s level but higher than the 4.1 months recorded a year ago. Supported by modest inventory levels, prices continue to rise, with the national median existing home price increasing 2.1% year-over-year to $415,000, marking 28 consecutive months of annual gains.
