COLUMBIA, Mo. – Missouri REALTORS® is pleased to share with you a monthly statistics report highlighting the Missouri real estate market for the month of December, including the entirety of 2021.
In the month of December, Missouri REALTORS® sold 8,059 residential properties. Of those sales, the average residential property sold for $263,574. Compared to the average sale price of $235,861 in December 2020, there was an 11.7 percent increase. The median residential sale price also increased, from $198,800 in 2020 to $220,000 in 2021.
In terms of total dollar volume, Missouri REALTORS® saw an increase of 15.4 percent. Over $2.1 billion in December of 2021 was generated compared to $1.8 billion for the same period last year.
Additionally, interest rates saw an increase in December but continue to remain historically low. According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.10 percent in December compared to 3.07 percent in November. By comparison, the interest rate in December 2020 was 2.68 percent.
Regarding year-end figures, 96,764 homes sold in Missouri from January to December. The total yearly sales volume topped $25 billion, and the median sales price for the year increased 27.9 percent compared to the same period in 2020, coming in at $220,000.
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 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.