BusinessJanuary 10, 2022
Regional real estate statistics — prices up, inventory down
According to the Mid America Regional Information System (MARIS), the median home sale price in Cape Girardeau County for the year ending Dec. 31, 2019, was $162,000. At the end of 2021, the median had risen to $195,000, representing a 20.4% increase in two years...
According to the Mid America Regional Information System (MARIS), the median home sale price in Cape Girardeau County for the year ending Dec. 31, 2019, was $162,000. At the end of 2021, the median had risen to $195,000, representing a 20.4% increase in two years.
As prices rise, the lack of residential home inventory, meaning the availability of homes for sale, is at a critically low level nationally.
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According to Forbes.com, the number of homes for sale hit an all-time low during the week ending Nov. 28.
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