(Undated) — Home sales in Missouri are up nearly 7% over one year ago. The September report from Missouri Realtors finds just over 6,500 homes sold last month. The report finds the median sale price was $279,900, which is up nearly 4% over September of 2024. Missouri Realtors incoming President Brian Jared says the market has been strong this summer and early fall. He says inventories remain low so buyers must be ready to commit when they find property they like. He says the Federal Reserve’s September rate cut did not immediately push mortgage rates lower, due to other economic factors. The Federal Reserve Bank of St. Louis reports the current rate for a 30-year Fixed rate mortgage is just over 6%.

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