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| Admitted to the U.S.: |
August 10, 1821 |
| Capital: |
Jefferson City |
| Population: |
5,630,000 |
| Nickname: |
Show Me State |
| State Bird: |
Bluebird |
| State Flower: |
Hawthorn |
| State Tree: |
Flowering Dogwood |
Missouri Real Estate Summary
Missouri real estate is experiencing a cool down period. In the suburbs of St. Louis, housing growth was 120% during the 90´s. During the last two years, new construction has remained at 10-20%. Big corporations are moving their headquarters to the state because of its central location, making Missouri relocations popular.
Missouri home prices have risen 50-10% on average over the last year. The median sale price was $145,000, after it had been on the market for 30-60 days. In Branson, real estate is also slowing after having a few booming years. The market has leveled out to having an equal number of buyers and sellers in all price brackets. The average sale price in Branson is $140,000, which is still an increase of 15% over 2005 prices.
St. Louis real estate is gaining slightly in price and availability. With the development of the new baseball stadium downtown, there is also a renovation project for old warehouses to be turned into luxury apartments. The new downtown clean up project is expected to draw people in and turn the demand for downtown housing up. This demand is expected to raise the average sale price of single-family units to over $125,000. |
