Spokane Market Trends - August 2019

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AUGUST 2019

AVERAGE PRICE UP 11.4%

2016closed price 2017 for August 2018 2019 was 2019$288,256 compared to August The average 71 average57price was 55 2018 when the $258,826. 48 (Does not represent home values)

JAN

62 55 50 44 59 53 45 40 MEDIAN53PRICE UP 9% 45 35 36 The median53 closed price for August 2019 was 39 30 31$267,000 compared to August 2018 when the price was 31 $245,000. (Does 52 median35 28 not represent home values) 53 37 35 31 54 43 33 29 SALES DOWN 5% 44 Closed sales55 of single family homes35on less than one acre including condos for 42 August 201956 total 869 compared to36August 2018 when the total was 915. 59 45 39 60 49 44

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

INVENTORY UP 6.8%

DEC

Current inventory, as of this report totals 1,559 properties which represents a 1.9 months supply. (Months supply based on closed sales for August.)

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

44

2019

48

44

40

36

31

28

31

29

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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Spokane Market Trends - August 2019 by Coldwell Banker Tomlinson - Issuu