FOR IMMEDIATE RELEASE
January 22, 2023
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.
Missouri REALTORS® sold 3,809 residential properties in January. While mortgage rates remained higher in January compared to the same period last year, the median sales price was also up 5 percent, coming in at $219,900. The average residential sale price also increased 4.5 percent from last year to $265,652.
In terms of total dollar volume, an increase in the median sales price coupled with fewer home sales resulted in a 26.5 percent decrease in January. Over 1 billion dollars was generated in January compared to 1.3 billion dollars for the same period last year.
According to Freddie Mac, the average 30-year fixed mortgage rate was 6.27 percent in January, a slight decrease from December 2022. By comparison, the interest rate in January 2022 was 3.45 percent.
Visit Missouri REALTORS® Market Statistics to view a full report of the data presented, including additional resources and information.
# # #
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.
View our most recent Press Releases.