Missouri’s real estate market is showing signs of healthy growth, according to new figures by the Missouri Association of Realtors.
Missouri sales were up by 11% in the third quarter as compared to the same time last year. The average price grew to over $150,000, a nearly 6.5% increase. And homes averaged 6 fewer days on the market.
Missouri Association of Realtors president La Nora Kay says there is less inventory on the market than in 2011 and homebuyers are no longer waiting for prices to drop.