September 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 were virtually unchanged from the previous month, dipping just 0.2% to a seasonally adjusted annual rate of 4 million units, according to the National Association of REALTORS® (NAR). Most of these transactions went under contract in June and July, when mortgage rates were 40 to 50 basis points higher than current levels. Year-over-year, sales increased 1.8%, with the strongest activity occurring in the Midwest, where the typical home price is 22% below the national median.
New listings increased 3.9% for residential homes but decreased 4.5% for townhouse/condo homes. Pending sales decreased 0.1% for residential homes and 20% for townhouse/condo homes. Inventory decreased 9.8% for residential homes but increased 14.1% for townhouse/condo homes.
Median sales price increased 9.2% to $322,000 for residential homes and 0.4% to $226,000 for townhouse/condo homes. Days on market remained flat for residential homes but increased 57.1% for townhouse/condo properties. Months supply of inventory decreased 7.7% for residential homes but increased 12.9% for townhouse/condo homes.
Nationally, housing inventory declined for the first time this year, slipping 1.3% month-over-month to 1.53 million units, representing a 4.6-month supply at the current sales pace, according to NAR. Despite the monthly drop, total inventory remained 11.7% higher than the same time last year. Meanwhile, the median existing-home price rose 2% year-over-year to $422,600, though it was essentially flat compared to the prior month.
