The August 2025 housing data from Realtor.com® shows the national housing market gradually shifting toward balance, but here in St. Louis, we continue to stand out as one of the tightest markets in the country. While inventory is rising across much of the U.S., St. Louis saw just a 13.6% increase in active listings year-over-year—well below the national 20.9% gain. Even more telling, our market had only 2.9 months of supply in June, a strong indicator that sellers still have the upper hand locally, despite the broader cooling trend.
Across the 50 largest metros, St. Louis ranks among those with the lowest inventory relative to pre-pandemic levels, and while home prices nationally have flattened, local list prices have held fairly steady. In August, the median list price in St. Louis was $300,000, down just 0.6% from last year, and price per square foot declined only 1.5%. With homes selling in just 4 days longer than a year ago, our region is seeing far less slowdown in buyer activity compared to markets like Las Vegas, Nashville, or Miami, where days on market are stretching significantly longer.
That said, the trend of more listings with price reductions is beginning to show up locally as well—17.1% of homes in St. Louis had price cuts in August, up slightly from last year. This suggests that while demand remains relatively strong, buyers are pushing back on price in some segments of the market. Still, with continued tight supply and homes selling faster than the national average, St. Louis remains a competitive market, especially for well-priced, move-in-ready homes.
For sellers, this means there’s still a strong opportunity—but proper pricing is key. For buyers, staying alert and ready to move quickly is more important than ever. And whether you’re on the buying or selling side, working with an experienced local agent can make all the difference. If you’re considering a move in the St. Louis area, I encourage you to reach out to MORE, REALTORS®
