October 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 climbed 1.5% month-over-month and 4.1% year-over-year, reaching a seasonally adjusted annual rate of 4.06 million units, according to the National Association of REALTORS® (NAR). The increase was partly driven by falling mortgage rates, which recently hit their lowest level in more than a year. Regionally, monthly sales advanced in the Northeast, South, and West, while the Midwest experienced a slight decline.
New listings increased 7.4% for residential homes and 8.5% for townhouse/condo homes. Pending sales decreased 0.9% for residential homes but increased 18.3% for townhouse/condo homes. Inventory decreased 7.4% for residential homes but increased 9.4% for townhouse/condo homes.
Median sales price increased 6.7% to $320,000 for residential homes but decreased 15.9% to $206,000 for townhouse/condo homes. Days on market decreased 3.3% for residential homes but increased 36.4% for townhouse/condo homes. Months supply of inventory decreased 7.4% for residential homes but increased 6.1% for townhouse/condo homes.
Housing inventory edged up 1.3% from the previous month to 1.55 million units, 14% higher than the same period last year. This represents a 4.6-month supply at the current sales pace, according to NAR. The median existing-home price grew 2.1% year-over-year to $415,200, continuing the trend of annual price gains. The Midwest saw the largest year-over-year increase in median sales price, followed by the Northeast and South, while prices remained mostly flat in the West.
