Spokane Market Trends - December 2018

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DECEMBER 2018 2016 2017 2018 AVERAGE PRICE UP 4% 71 57 55

JAN

The average closed price for December 2018 was $242,635 compared to 62 55 average50price was $233,208*. (Does not represent home values) December 2017 when the

FEB

59 53 45 53 45 35 MEDIAN53PRICE 39 UP 3.6%30 The median52closed price 2018 was $222,750 compared to 35 for December 31 December 2017 when the price was $215,000*. (Does not represent home values) 53 37 median 35 54 43 33 SALES DOWN 7% 55 44 35 Closed sales homes 56of single family 42 36 on less than one acre including condos for December to December 2017 when the total 59 2018 total 45 588 compared 39 was 632. 60 49 44

MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

INVENTORY DOWN 21%

Current inventory, as of this report totals 798 properties which represents a 1.4 months supply. (Months supply based on closed sales for October.)

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

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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