09/12/2025
📍August Housing Report | St. Louis City & County Combined
🏠Single-Family Homes
• Days on Market: 32 days (vs. 25 days in Aug 2024)
• Pending Sales: 1,401 ⬇️4.8%
• Median Sales Price: $320,000 ⬆️3.2%
• Closed Sales: 1,517 ⬇️4.9%
• Inventory: 3,106 ⬇️9.1%
🏢Townhomes & Condos
• Days on Market: 40 days (vs. 33 days in Aug 2024)
• Pending Sales: 228 ⬆️1.8%
• Median Sales Price: $219,000 ⬆️1.9%
• Closed Sales: 235 ⬇️7.1%
• Inventory: 760 ⬆️15.5%
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🇺🇲National Market Snapshot
📈Home Sales Edge Higher
U.S. existing-home sales rose 2% month-over-month and 0.8% year-over-year, hitting a 4.01M annual pace (beating economists’ 3.92M forecast, per NAR)
🌎Regional trends:
Sales ⬆️ West, South & Northeast saw gains
Sales ⬇️ Midwest slipped slightly
📊Inventory check:
➡️ 1.55M homes listed heading into August
➡️ Up 15.7% year-over-year
➡️ Highest supply since May 2020 (4.6-month supply)
💵Prices? Barely moved. National median edged up 0.2% to $422,400 – proof that higher inventory is helping cool price growth.
📉Mortgage rates just dropped!
The average rate on a 30-year fixed mortgage fell to 6.49% in the week ending Sept. 5, per the Mortgage Bankers Association (MBA) – the lowest since Oct 2024.
⚠️ But rising living costs could still hold some people back
👉 Even with cheaper borrowing, affordability is about more than just the interest rate
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❓What Does This Mean for You?
For Sellers👇
Today’s market rewards preparation and precision. Homes that are move-in ready, thoughtfully staged, and priced competitively continue to attract strong offers. On the other hand, properties that hit the market without the right strategy risk sitting unsold and losing momentum.
For Buyers👇
The pace has eased compared to the frenzy of a year or two ago, but prices are still inching upward. This means buyers have a bit more breathing room, yet the most desirable homes continue to move quickly. Patience, persistence, and preparation remain essential to securing the right property.
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Whether it’s 3 days, 3 months, or 3 years from now, I’m here to be your trusted resource for all things real estate. Let’s talk!
Bill
📱Call/Text: 314-517-3474
🌐www.BillKeefer.com
Bill Keefer - St Louis Area Realtor - The Gellman Team EXP
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