Nick Montani - StL Realtor

U.S. existing-home sales climbed 5.1% month-over-month and 1.4% year-over-year to a seasonally adjusted annual rate of 4.35 million units, the strongest pace in nearly three years, according to the National Association of REALTORS� (NAR). Lower mortgage rates and slower home price growth helped spur buyer activity, and sales increased month-over-month in every region. On an annual basis, sales rose in the South, held steady in the West and Midwest, and declined in the Northeast.

St Louis Spring Market is about to move in full swing. Contact me and let’s talk about any real estate needs you or someone you know may have.

UPDATE: Last known location of the monkeys on the loose — closing on a house with Janet McAfee. 🔑🏡

U.S. existing home sales ticked up 0.5% from the previous month to a seasonally adjusted annual rate of 4.13 million, marking the third consecutive monthly increase, according to the National Association of REALTORS® (NAR). However, sales were down 1% from the same period last year. Regionally, sales rose month-over-month in the Northeast and South, were unchanged in the West, and declined in the Midwest. On a year-over-year basis, sales were flat in the Northeast and South and fell in both the Midwest and West.

New listings decreased 8.8% for residential homes and 3.2% for townhouse/condo homes. Pending sales decreased 8.3% for residential homes and 23.8% for townhouse/condo homes. Inventory decreased 5.3% for residential homes but increased 6.8% for townhouse/condo homes.

Median sales price increased 9.1% to $300,000 for residential homes but decreased 11.4% to $221,500 for townhouse/condo homes. Days on market decreased 2.7% for residential homes but increased 6.7% for townhouse/condo homes. Months supply of inventory decreased 5% for residential homes but increased 4% for townhouse/condo homes.

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.

Want a more in-depth dive into your needs, contact me anytime.

October 2025 Housing Report

Boy do these 2 reports offset each other. Single family sales down but closing, condo sales up buy slow closing.

I’m always available for any of your real estate questions.

July 2025 Housing Report
Lots of topics to talk about, but def still an odd market.
Contact me and let’s talk about it

Current housing market from April.
Any questions or inquiries about your current value, or looking to buy something, don’t ever hesitate to reach out to me and let’s talk!!!

🌟 We are thrilled to welcome Nick Montani to Janet McAfee Real Estate! 🌟

With nearly a decade of experience and a deep love for St. Louis architecture and lifestyle, Nick brings exceptional insight and care to every client relationship.

Join us in giving Nick a warm welcome – we are so excited to have him on board! 🏡✨

Janet McAfee Real Estate - 314.997.4800 - Licensed Broker in MO

March 2025 Housing Report for St Louis

Here’s our newest monthly report. Just a glimpse of how the U.S. is doing. This is national stats, but locally can be more adjusted. Get in touch with me if wanting a current market analysis of your property.

U.S. existing-home sales advanced for the third straight month, climbing 2.2% to a seasonally adjusted annual rate of 4.24 million units, a 10-month high, according to the National Association of REALTORS® (NAR).