COLDWELL BANKER TOMLINSON CBTOMLINSON.COM
Spokane of REALTORS® REALTORS® SpokaneAssociation Association of YEAR HOME SALES 2018END MONTHLY HOMEREPORT SALES REPORT
2017 AUGUST
SALES DOWN UNIT SALES UP1.2% 7%
Closed salesofofsingle singlefamily family homes homes on Closed sales on less lessthan thanone oneacre acre including condos for August 2018 total 896 compared to including condos for 2017 total 8,137 compared to 7,601 for August 2017 when the total was 907. 2016.
AVERAGEPRICE PRICE UP UP 11% AVERAGE 7.8% The average closed price for August 2018 was $260,812 compared The closed price 2017 price is $228,732 compared to toaverage August 2017 when thefor average was $234,923*. $212,189 for 2016. *
MEDIAN PRICE UP 13.5%
MEDIAN PRICE UP20187.7% The median closed price for August was $247,500 compared tomedian August 2017 when thefor median was $218,000.* The closed price 2017 price is $210,000 compared to *NOTE: Does not represent home values. $195,000 for 2016. * *NOTE: Does not represent home values.
INVENTORY DOWN
Inventory is down 27.5% DOWN compared to August 2017. Current INVENTORY inventory, as of this report totals 1,460 properties which
Inventory is down 12.6% compared to last year. Current represents a 1.6 months supply. inventory as of this report totals 1,010 properties which NOTE: Months supply based on closed sales for August. 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.