COLUMBIA– Missouri REALTORS® is pleased to share a monthly statistics report highlighting the Missouri real estate market for the month of February.
In February, Missouri REALTORS® sold 5,142 residential properties. Of those sales, the average residential property sold for $257,877. Compared to the average sale price of $243,948 in February 2021, there was a 5.7 percent increase. The median residential sale price also increased from $195,000 in 2021 to $215,000 in 2022.
In terms of total dollar volume, Missouri REALTORS® saw an increase of 0.1 percent compared to the same period last year. Over $1.326 billion in February of 2022 was generated compared to $1.324 billion in February of 2021.
Additionally, interest rates saw an increase in February but continue to remain historically low. According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.76 percent in February compared to 3.45 percent in January. By comparison, the interest rate in February 2021 was 2.81 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.