Spokane Market Trends - November 2018

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NOVEMBER 2018 2016 2017 2018 AVERAGE PRICE UP 14% 71 57 55

JAN

The average closed price for November 2018 was $264,046 compared to 62 55 average50price was $231,531*. (Does not represent home values) November 2017 when the

FEB

59 53 45 53 45 35 MEDIAN53PRICE 39 UP 14.3% 30 The median52closed price for November 2018 was $240,000 compared to 35 31 November 2017 when the price was $209,975.* (Does not represent home values) 53 37 median 35 54 43 33 SALES DOWN 7.2% 55 44 35 Closed sales homes 56of single family 42 36 on less than one acre including condos for November to November 2017 when the total 59 2018 total 45 655 compared 39 was 706. 60 49

MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

INVENTORY DOWN 22.6%

Current inventory, as of this report totals 1,052 properties which represents a 1.6 months supply. (Months supply based on closed sales for October.)

DAYS ON MARKET

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

2016

71

62

59

53

53

52

53

54

55

56

59

60

2017

57

55

53

45

39

35

37

43

44

42

45

49

2018

55

50

45

35

30

31

35

33

35

36

39

Information comes from the SAR’s Monthly Activity Report which looks at single family residential/site built properties on less than one acre and condominiums.


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