August 2021
Average home sale price hits another record, but begins to show sign of slight moderation. Average Sales Price
Current Listing Inventory
Average Days On Market
$425,316
408
9
Up 26.7%
Down 3.2%
Down 52.3%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$390,000
710
5,192
Up 23%
Down 3.4%
Up 3.4%
August 2021, as compared to August 2020. Information pulled on 09/01/2021 The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
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Spokane County Market Report | August 2021
Average Days On Market For the month of August 2021, month/year comparison 80
2017
2018
2019
2020
2021
70 60 50 40 30 20
17
13
10
7
10
7
6
9
6
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Annual Average Sales Price Year-to-date as of August
$396
$400K $320K $240K
$185
$197
$227
$183
$212
$175
2012
2013
2014
2015
2016
2017
$254
$312
$282
$160K $80K $0K 2018
2019
2020
2021
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.90% 3.70% 3.50% 3.18%
3.30% 3.10%
2.91%
2.90%
2.88%
2.98%
2.97% 2.81%
2.71%
2.67%
Nov '20
De c '20
2.70%
2.95%
2.98% 2.80%
2.73%
2.87%
2.50% Aug '20
Sep '20
Oct '20
Jan '21
Feb '21
Mar '21
Apr '21
May '21 June '21 July '21
Aug '21
Spokane County Market Report | August 2021
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Active Residential Listings As of 9/1/2021, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
418
265
236
229
163
136
408
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 9/1/2021
200
2020
2021
$800K-$1M 7%
160
0-$150K 3%
104
120
87
80 39
40
$1M+ 10%
21
35
34 10
57 50
64
51
24
64
77 57
57
66
68 74
70 39 45
51
65 $600K-$800K 17%
$150-200K 200K-$250K 2% 4% $250K-300K 8% $300K-$350K 8%
$350K-$400K 10%
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Spokane County Market Report | August 2021
+ $1 M
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
0 $500K-$600K 12%
$400K-$450K 9% $450K-$500K 10%
Residential Closed Sales For the month of of August 2021, month/year comparison
2017
1000
2018
2019
2020
2021
732 750 567 442
500
717
636
558
710
424
250 0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Sold Listings By Price Range Year-over-year comparison for the month of August
200
2020
162
156
160
80 40
113
106
120
87 67
53
$450K-$500K 9% $500K-$600K 11%
123 123 102 81
45 14
$400K-$450K 12%
$350K-$400K 15%
2021
76 71
94
90
43
42
20
31 8
7
21
$300K-$350K 14% $600K-$800K 12%
+
$250K-300K 11%
$1 M
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
0
200K-$250K $150-200K 0-$150K 5% 2% 2%
$800K-$1M 4%
Annual Residential Sales Year-to-date as of August
6000 5266 5000
4610
4000 3000
3687
3801
2013
2014
5580
4859
4962
5019
2019
2020
5192
2952
2000 2012
2015
2016
2017
2018
2021
Spokane County Market Report | August 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of August
New
6000
Re-Sa le
5000 4000 3000
0
4783
4418
4365
4540
3221
3387
293
466
414
462
537
483
568
544
654
665
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2000 1000
4322
5012
4148
2259
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of August
$500K
Re-Sa le
$451
New
$400K $300K $200K
$167
$268
$250
$241
$218
$202
$188
$175
$173
$347
$319
$289
$279
$388
$301
$270
$244
$380
$373
$100K $0K 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Average Price Per Square Foot Monthly Re-Sale vs New Construction comparison
$260
Re-Sa le
New
$232
$227 $220 $180
$195 $155
$189 $155
$194
$189 $152
$154
Nov '20
De c '20
$210
$206 $189 $157
$165
$172
$177
$188
$228
$216
$213 $199
$195
$197
$140 $100 Sep '20
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Oct '20
Spokane County Market Report | August 2021
Jan '21
Feb '21
Mar '21
Apr '21
May '21
June '21
July '21
Aug '21
Annual New Construction Sales Year-to-date as of August
700
665
654 625 568 550
544
537 483
475
400
325
250 2016
2017
2018
2019
2020
2021
Comparison New Construction Sales YTD year-over-year comparison as of August
2020
2021
300
273 244
240
168
180
120
111
106 75
60
69
58
0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | August 2021
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