FOR IMMEDIATE RELEASE
February 23, 2022
COLUMBIA, MISSOURI – Missouri REALTORS® is pleased to share with you a monthly statistics report highlighting the Missouri real estate market for the month of January.
In January, Missouri REALTORS® sold 5,419 residential properties. Of those sales, the average residential property sold for $254,195. Compared to the average sale price of $234,973 in January 2021, there was an 8.2 percent increase. The median residential sale price also increased, from $191,788 in 2021 to $209,450 in 2022.
In terms of total dollar volume, Missouri REALTORS® saw an increase of 8.5 percent. Over $1.3 billion in January of 2022 was generated compared to $1.2 billion for the same period last year.
Additionally, interest rates saw an increase in January but continue to remain historically low. According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.45 percent in January compared to 3.10 percent in December. By comparison, the interest rate in January 2021 was 2.74 percent.
Visit Missouri REALTORS® Market Statistics to view a full report of the data presented, including additional resources and information.
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Founded in 1936, Missouri REALTORS® is the largest trade association in the state serving over 25,000 members. As members of organized real estate, REALTORS® subscribe to a strict code of ethics and have access to numerous services and programs to enhance their professionalism within the real estate industry. Through collective strength, influence, and professionalism, Missouri REALTORS® unite to advocate for real property rights in Missouri, deliver comprehensive risk management programs and services, connect members through various media and events, and deliver association management services.
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