2023 county Spokane MarketReport MonthlyMarketReportforSpokaneCounty February 2023
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.
Median Days On Market
As of 3/1/2023 . By month dating from January 2019 to February 2023. Days on Market is the median number of days between when a property is listed and the contract date.
Annual Median Sales Price
Year - to - date as of Februar y Median Sales Price is the mid - point (median) value where the price for half of the closed sales is higher and half is lower.
$210 $237 $270 $320 $389 $375 $100K $150K $200K $250K $300K $350K $400K 2018 2019 2020 2021 2022 2023 Average Sales Price Current Listing Inventory Median Days On Market $418,664 Up 4.6% from prior month Down 2.0% from prior year Median Sales Price $375,000 Up 1. 4 % from prior month Down 6. 0 % from prior year 498 Down 13. 2 % from prior month Up 133.8% from prior year 255 Down 14. 4 % from prior month Down 29. 9 % from prior year Residential Closed Sales 9 Down 59.1% from prior month Up 125.0% from prior year 553 Down 30.6% from prior year Annual Residential Closed Sales Spokane County Market Report | December 2022 2 Information
on 03/01/2023
pulled
28 24 19 17 18 20 23 14 9 12 15 17 12 5 4 6 5 4 5 5 5 6 6 5 4 3 4 4 4 4 5 5 5 7 8 7 4 4 4 4 5 6 10 14 17 16 22 31 23 9 0 10 20 30 40 50 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01
Spokane County Market Report | February 2023 2
Months Supply of Inventory
As of 3/1/2023 . By month dating from January 2019 to Februar y 2023. Months Supply of Inventory is the number of months it would take to sell the available inventory at the current rate.
Sale-to-List Price Ratio
As of 3/1/2023 . By month dating from January 2019 to February 2023. Sale - to - List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.
Monthly Mortgage Rates
2.3 2 1.9 1.9 1.8 1.8 1.7 1.3 1.4 1.2 1.4 0.9 1.3 1.2 1.2 1.3 1.3 0.8 0.7 0.7 0.7 0.6 0.5 0.3 0.5 0.4 0.4 0.4 0.4 0.4 0.6 0.6 0.8 0.8 0.6 0.4 0.5 0.6 0.5 0.7 0.8 1.1 1.7 1.6 1.8 2.1 2.1 1.7 2.3 2 0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2020-07 2022-10 2023-01
99.6% 101.3% 101.2% 100.3% 99.4% 101.3% 101.5% 101.7% 101.2% 105.4% 105.3% 103.0% 101.4% 105.0% 101.2% 99.4% 98.7% 98.9% 98.0% 99.0% 100.0% 101.0% 102.0% 103.0% 104.0% 105.0% 106.0% 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 Spokane County Market Report | February 2023 3
Monthly 30 - year fixed mortgage rates highlighting the week ending Thursday, February 23, 2023. 3.89% 4.67% 5.10% 5.10% 5.70% 5.30% 5.66% 6.70% 7.08% 6.49% 6.42% 6.13% 6.50% 2.50% 3.25% 4.00% 4.75% 5.50% 6.25% 7.00% Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Jan '23 Feb '23
Active Residential Listings
As of 3/1/2023 . By month dating from January 2019 to February 2023.
Inventory is the number of properties for sales at the end of the month, based on the contract date.
Active Listings By Price Range
0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M
New Residential Listings
As of 3/1/2023 . By month dating from January 2019 to February 2023.
is the number of properties listed regardless of current status.
Spokane County Market Report | February 2023 4
Active
As of 3/1/2023 838 1090 1437 1053 583 709 677 521 225 276 500 563 224 412 1008 1048 628566498 0 200 400 600 800 1000 1200 1400 1600 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 14 7 14 15 12 17 12 26 33 38 19 27 30 12 10 32 32 64 75 68 87 124 41 48 0 40 80 120 160 200 240
$1M+ 2022 2023 0-$150K 5% $150-200K 2% 200K-$250K 2% $250K-300K 5% $300K-$350K 5% $350K-$400K 10% $400K-$450K 12% $450K-$500K 11% $500K-$600K 14% $600K-$800K 20% $800K-$1M 6% $1M+ 8%
New Listings
614 976 1055 819 638 686 1001 805 509 782 981 789 483 861 1001 658 303 517492 200 400 600 800 1000 1200 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01
Residential Closed Sales
Sold Listings By Price Range
Year - over - year comparison for the month of February.
0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M
Annual Residential Closed Sales
Spokane County Market Report | February 2023 5
of
month
February 2023. Closed Sales is the number of properties sold. 368 574 860 851 458 548 928 870 465 654 849 732 432 607 604 456 340 250255 200 300 400 500 600 700 800 900 1000 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01
As
3/1/2023 . By
dating from January 2019 to
Year - to - date as of February. Closed Sales is the number of properties sold. 876 772 906 914 797 553 500 600 700 800 900 1000 2018 2019 2020 2021 2022 2023 11 8 26 33 55 53 54 33 48 44 10 9 11 11 16 38 45 49 30 24 34 37 9 3 0 20 40 60 80 100
$1M+ 2022 2023 0-$150K 3% $150-200K 4% 200K-$250K 5% $250K-300K 12% $300K-$350K 15% $350K-$400K 16% $400K-$450K 10% $450K-$500K 8% $500K-$600K 11% $600K-$800K 12% $800K-$1M 3%
Annual Residential Closed Sales
Annual Median Sales Price
Median Price Per Square Foot
As of 3/1/2023 . Monthly Re - Sale vs New Construction comparison. Price per Square Foot is the mid - point (median) PPSF of all closed listings.
94 112 151 167 109 86 782 660 755 747 688 467 0 200 400 600 800 1000 2018 2019 2020 2021 2022 2023 New Re-Sale
Year - to - date Re - Sale vs New Construction as of Februar y Closed Sales is the number of properties sold.
Sales Price is the mid - point (median) value
$196 $223 $250 $301 $365 $352 $333 $361 $330 $396 $484 $523 $150K $200K $250K $300K $350K $400K $450K $500K $550K 2018 2019 2020 2021 2022 2023 Re-Sale New
Year - to - date Re - Sale vs New Construction as of February.
where the price for half of the closed sales is higher and half is lower.
$211 $223 $218 $221 $206 $206 $202 $195 $193 $182 $180 $188 $246 $273 $265 $269 $270 $267 $267 $258 $256 $256 $240 $266 $150 $175 $200 $225 $250 $275 $300 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Re-Sale New Spokane County Market Report | February 2023 6
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TheinformationinthisreportiscompiledfromareportgivenbytheSpokaneAssociationofREALTORS®andtothebestofourknowledgeisaccurateandcurrent.
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