Missouri REALTORS shared its 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.