Spokane Market Trends - Feb 2019

Page 1

FEBRUARY 2019

AVERAGE 2016 PRICE 2017UP 12.5% 2018 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2019

The average71 closed price 57 for February 55 2019 was 48 $260,469 compared to February 2018 when the55average price was $231,497. (Does not represent home values) 62 50 44 59 53 45 45 14.1% 35 MEDIAN53PRICE UP 39for February 30 2019 was $239,900 compared to The median 53 closed price 52 when the 35median price 31 was $210,200. (Does not represent home values) February 2018 53 37 35 54 43 33 SALES HOLD STEADY 44 35on less than one acre including condos Closed sales 55 of single family homes 36 to 403 in February 2018. for February56 2019 total42 401 compared 59 45 39 60 49 44

INVENTORY DOWN 16.8%

Current inventory, as of this report totals 769 properties which represents a 1.9 months supply. (Months supply based on closed sales for February.)

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

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.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.