Spokane Market Trends - April 2018

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Spokane

COLDWELL BANKER TOMLINSON A B E T T E R W AY T O S E L L R E A L E S T A T E

MARKET TRENDS

Spokane Association of REALTORS® Spokane Association of REALTORS® YEAR END HOME SALES REPORT 2018 MONTHLY HOME SALES REPORT 2017 APRIL

UNIT UP 7% SALESSALES UP 14.7%

Closedsales sales of single onon less than oneone acreacre Closed singlefamily familyhomes homes less than including condos condos for 608compared compared to including forApril 20172018 totaltotal 8,137 to 7,601 for April 2017 when the total was 530. 2016.

AVERAGE PRICE AVERAGE PRICEUP UP13.9% 7.8%

Theaverage average closed closed price 2018 was $254,594 compared The pricefor forApril 2017 is $228,732 compared to to April 2017 when the average price was $223,466.* $212,189 for 2016. *

MEDIAN PRICE UP 15.5%

MEDIAN 7.7% The median closed PRICE price for AprilUP 2018 was $231,097 compared to April 2017 when theprice median $200,000.*compared to The median closed forprice 2017was is $210,000 *NOTE: Does not represent home values. $195,000 for 2016. * *NOTE: Does not represent home values.

INVENTORY DOWN

Inventory is down 20.1% compared to April 2017. Current INVENTORY DOWN

inventory, as of this report totals 1,165 properties which Inventory is down 12.6% compared to last year. Current represents a 1.9 months supply. inventory as of this report totals 1,010 properties which NOTE: Months supply based on closed sales for April. represents a 1.6 months supply. NOTE: Months supply based on closed sales for December.

DISTRESSED SALES DOWN

NOTE: 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.

Sales of Distressed homes accounted for 3.3% of sales in April


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Spokane Market Trends - April 2018 by Coldwell Banker Tomlinson - Issuu