COLUMBIA, Mo. – Missouri REALTORS® is pleased to share with you a monthly statistics report highlighting the Missouri real estate market for the month of November.
In the month of November, Missouri REALTORS® sold 7,985 residential properties. Of those sales, the average residential property sold for $264,410. Compared to the average sale price of $245,261 in November 2020, there was a 7.8 percent increase. The median residential sale price also increased, from $205,000 in 2020 to $221,185 in 2021.
In terms of total dollar volume, Missouri REALTORS® saw an increase of 14.9 percent. Over 2.1 billion dollars in November 2021 was generated compared to 1.8 billion dollars for the same period last year.
Additionally, interest rates in November remained the same and continue to remain historically low. According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.07 percent in November. By comparison, the interest rate in November of last year was 2.77 percent.
Visit 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 23,000 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.