COLUMBIA, Mo. – Missouri REALTORS® is pleased to share a monthly statistics report highlighting the Missouri real estate market for the month of April.
In April, Missouri REALTORS® sold 7,188 residential properties. Of those sales, the average residential property sold for $285,764. Compared to the average sale price of $254,631 in April 2021, there was a 12.2 percent increase. The median residential sale price also increased, from $210,000 in 2021 to $238,500 in 2022.
In terms of total dollar volume, Missouri REALTORS® saw an increase of 3.6 percent compared to the same period last year. Over $2 billion in April of 2022 was generated compared to $1.9 billion in April of 2021.
Additionally, interest rates saw an increase in April but continue to remain historically low. According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 4.98 percent in April compared to 4.17 percent in March. By comparison, the interest rate in April 2021 was 3.06 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.