Spokane
COLDWELL BANKER TOMLINSON A B E T T E R W AY T O S E L L R E A L E S T A T E
MARKET TRENDS
Spokane SpokaneAssociation Associationof ofREALTORS® REALTORS® YEAR YEAREND ENDHOME HOMESALES SALESREPORT REPORT
2017 2017
UNIT UNIT SALES SALES UP UP 7% 7%
Closed Closedsales salesofofsingle singlefamily familyhomes homeson onless lessthan thanone oneacre acre including includingcondos condosfor for2017 2017total total8,137 8,137compared comparedtoto7,601 7,601for for 2016. 2016.
AVERAGE AVERAGE PRICE PRICE UP UP 7.8% 7.8%
The Theaverage averageclosed closedprice pricefor for2017 2017isis$228,732 $228,732compared comparedtoto $212,189 $212,189for for2016. 2016.**
MEDIAN MEDIAN PRICE PRICE UP UP 7.7% 7.7%
The Themedian medianclosed closedprice pricefor for2017 2017isis$210,000 $210,000compared comparedtoto $195,000 $195,000for for2016. 2016.** *NOTE: *NOTE:Does Doesnot notrepresent representhome homevalues. values.
INVENTORY INVENTORY DOWN DOWN
Inventory Inventoryisisdown down12.6% 12.6%compared comparedtotolast lastyear. year. Current Current inventory inventoryasasofofthis thisreport reporttotals totals1,010 1,010properties propertieswhich which represents representsaa1.6 1.6months monthssupply. supply. NOTE: NOTE:Months Monthssupply supplybased basedon onclosed closedsales salesfor forDecember. December. NOTE: 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.