Spokane Market Trends - December 2019

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DECEMBER 2019

AVERAGE PRICE UP 19.2%

2016closed price 2017 for December 2018 2019was $288,794 compared to The average 2019 71 when the 57 average55price was 48 December 2018 $242,335. (Does not represent home values)

JAN

62 55 50 44 59 53 45 40 MEDIAN53PRICE UP 15.5% 45 35 36 The median53 closed price for December 2019 was $257,000 compared to 39 30 31 December 2018 price was $222,500. (Does not represent home values) 52 when the 35 median31 28 53 37 35 31 33 29 SALES UP54 8.8% 43 44 homes35 23one acre including condos for Closed sales 55 of single family on less than 56 total 654 42 compared 36to December 21 2018 when the total was 601. December 2019 59 45 39 26 60 49 44 26

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

INVENTORY DOWN

DEC

Current inventory, as of this report totals 596 properties which represents a .9 months supply. NOTE #1: Inventory does not include CTG-Inspection. As an example - Inventory, including CTG-Inspection (now Pend-Inspection) would total 936 properties, a 1.4 months supply. NOTE #2: Using the old method inventory is up 17.3% as of this report (936 compared to 798 last year at this time).

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

*23

*21

*26

*26

*Starting September 1st, data no longer includes CTG-Inspection 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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