JANUARY 2019

AVERAGE 2016 PRICE 2017UP 14% 2018 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2019

The average71 closed price 57 for January 55 2019 was 48 $255,850 compared to January 201862when the55 average price was $224,463. (Does not represent home values) 50

59 53 45 45 12.7% 35 MEDIAN53PRICE UP 39for January 30 2019 was $235,000 up compared to The median 53 closed price 31 was $208,500. (Does not represent home values) January 201852when the35 median price 53 37 35 54 43 33 SALES DOWN 21.7% 44 35on less than one acre including condos Closed sales 55 of single family homes 56 42 compared 36 to January 2018 when the total was for January 2019 total 365 59 45 39 466. 60 49 44

INVENTORY DOWN 11.1%

Current inventory, as of this report totals 841 properties which represents a 2.3 months supply. (Months supply based on closed sales for January.)

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

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.

DEC

1878

1491

2014 283 288 FEB 384 2104 439 2093 551 1685 601 1094 626 924 609 504 562 455 507

2015 343 325 MAR 494 2270 554 2162 647 2162 766 1268 755 1018 694 657 591 437 597

2014 13% 14% FEB 17% 288 17% 325 20% 339 21% 335 21% 403 21% 19% 22% 20% 27%

2015 18%

1156

SPOKANE RESIDENTIAL LISTINGS

3500 3000 2500 2000 1500 1000 JAN500 FEB 0

MAR 2014 APR 2015 MAY 2016 JUN 2017 JUL 2018 AUG 2019 SEP

JAN 2098 1907 1543 1153 946 841

OCT NOV DEC

APR 2523 2307 1934 1457 1165

1010

2016 2017 352 378 339 335 MAY JUN 495 555 2745 2811 585 525 2423 2466 702 770 2044 2081 792 944 1686 1871 751 806 1389 1422 821 903 781 743 665 2014 2015 803 2016 608 705 664 628

2018 2019 464 365 403 JUL AUG SEP 602 2918 2835 2712 608 2493 2400 2293 758 2114 2035 1898 917 1977 2014 1918 896 1466 1460 1451 896 737 680 2019 2017 2018 655 588

2016 2017 23% 32% 20% 31% JUN 23%MAY 43% 551 601 30% 36% 647 766 34% 45% 792 38%702 50% 944 36%770 41% 917 40%758 45% 41% 39% 39% 47% 2014 2015 2016 44% 52% 57% 63%

2018 2019 49% 43% 44% JUL 59% AUG SEP 626 52% 609 504 755 55% 694 657 751 64% 821 781 806 61% 903 743 896 61% 896 737 51% 51% 2017 2018 2019 62% 74%

SPOKANE RESIDENTIAL CLOSED SALES

1000 900 800 700 600 500 400 300 JAN 200 FEB 100 0 MAR APR 2014

MAY 2015

JUN 2016 JUL 2017

AUG 2018 SEP 2019

JAN 283 343 352 378 464 365

OCT NOV DEC

16%

MAR 23%

APR

384

439

494

554

24% 27% 495 31% 555 30% 602 29% 29% 29% 23% 40%

585 525 608

SPOKANE ODDS OF SELLING 80% 70% 60% 50% 40% 30% 20% 10% 0%

798

OCT

NOV

DEC

2501

2236

1878

2073

1866

1491

1709

1390

1156

1709

1360

1010

1333

1052

798

OCT

NOV

DEC

562

455

507

591

437

597

665

608

664

803

705

628

680

655

588

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

2014

13%

14%

17%

17%

20%

21%

21%

21%

19%

22%

20%

27%

2015

18%

16%

23%

24%

27%

31%

30%

29%

29%

29%

23%

40%

2016

23%

20%

23%

30%

34%

38%

36%

40%

41%

39%

44%

57%

2017

32%

31%

43%

36%

45%

50%

41%

45%

39%

47%

52%

63%

2018

49%

44%

59%

52%

55%

64%

61%

61%

51%

51%

62%

74%

2019

43% 2014

2015

2016

2017

2018

2019

DEC

187,324

195,690

2014 152,000 157,750 163,950 FEB 169,296 175,476 164,000 187,343 172,000 200,245 169,800 205,077 177,160 231,497 175,050 169,900 165,500 164,900

2015 160,000 173,000 169,900 MAR 170,000 182,040 175,000 182,738 183,500 204,562 190,000 220,984 185,000 237,544 183,000 180,000 176,500 176,000

209,646

SPOKANE AVERAGE SALES PRICE

233,302

243,635

300,000 250,000 200,000 150,000 100,000 JAN 50,000 FEB 0 MAR

JAN

APR 2014

164,680

MAY 2015

176,475

JUN 2016 JUL 2017

191,266

AUG 2018

SEP 2019 OCT

206,351 224,091 255,850

NOV DEC

SPOKANE MEDIAN SALES PRICE

2016 2017 2018 2019 175,000 195,000 208,500 235,000 185,000 185,000 210,200 219,000 APR187,500MAY 204,900 JUN JUL AUG SEP 191,500182,335 201,900 231,097 198,140 182,945 190,142 186,795 192,109 200,000 208,250 240,000 190,578 192,400 204,483 211,837 203,532 200,220 196,975218,542 217,000 246,250 215,382 205,801 217,604 222,321 215,557 208,000 217,000 235,000 224,351 227,530 233,756 235,241 234,671 236,325 199,900265,057 218,000 247,500 254,594 268,828 259,300 260,812 259,472 201,000 215,000 235,000 198,000 209,900 240,000 2014 2015 2016 2017 2018 2019 192,750 209,950 240,000 191,215 215,000 222,750

OCT

NOV

DEC

191,360

183,029

187,324

201,766

201,817

195,690

216,344

206,837

209,646

227,733

231,512

233,302

264,224

264,046

243,635

300,000 250,000 200,000 150,000 100,000 50,000 0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

2014

152,000

157,750

163,950

169,296

164,000

172,000

169,800

177,160

175,050

169,900

165,500

164,900

2015

160,000

173,000

169,900

170,000

175,000

183,500

190,000

185,000

183,000

180,000

176,500

176,000

2016

175,000

185,000

187,500

191,500

200,000

196,975

208,000

199,900

201,000

198,000

192,750

191,215

2017

195,000

185,000

204,900

201,900

208,250

217,000

217,000

218,000

215,000

209,900

209,950

215,000

2018

208,500

210,200

219,000

231,097

240,000

246,250

235,000

247,500

235,000

240,000

240,000

222,750

2019

235,000 2014

2015

2016

2017

2018

2019

ANNUAL APPRECIATION/DEPRECIATION 20.00% 15.00% 10.00% 5.00% 0.00% -5.00% -10.00%

2001 Percent 2.33%

2002

2003

2004

2005

2006

2007

2008

2009

2012

2013

2014

2015

2016

2017

1.36%

7.53%

7.59% 16.28% 16.67% 5.97% -0.76% -8.20% -3.30% -5.10% 3.30%

2.90%

2%

7.10%

8.40%

7.70% 11.90%

Percent

2010

2011

2018

ANNUAL RESIDENTIAL LISTINGS AND CLOSED SALES 18,000

16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0

2009

2010

2011

2012

2013

2014

Listings 9,848 10,242 10,588 10,856 11,879 13,675 15,559 12,833 9,782

2001

9,919

8,701

8,507

9,642

9,954 10,303 10,594 11,150 10,193

Sold

4,249

4,020

4,533

5,510

5,820

6,863

7,571

8,137

8,212

2011

2012

2013

2014

2015

2016

2017

2018

5,898

2002 6,243

2003 7,218

2004 7,758

2005 8,373

2006 7,792

2007 6,935

2008 4,911

4,664

Listings

2015

2016

2017

2018

Sold

ANNUAL AVERAGE AND MEDIAN SALES PRICE 300,000

250,000 200,000 150,000 100,000 50,000 0

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Av erage 121,920 127,973 132,273 147,006 172,413 197,384 211,872 206,291 187,585 183,483 167,665 177,272 182,682 186,275 197,593 212,144 228,732 255,931 Median 110,000 111,500 119,900 129,000 150,000 175,000 185,400 184,000 169,000 163,400 154,900 160,000 164,697 168,000 179,900 195,000 210,000 235,000 Av erage

Median

ANNUAL AVERAGE INTEREST RATES FOR 30-YEAR FIXED MORTGAGE 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00%

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

Per cent 7.30%

7.17%

6.05%

5.88%

5.80%

6.28%

6.46%

5.50%

5.50%

4.69%

4.42%

3.63%

3.98%

3.87%

4.17%

4.16%

3.99%

Per cent

©2019 Coldwell Banker Tomlinson. All rights reserved. Each office is independently owned and operated. If you currently have an Agent assisting you with the purchase or sale of property, this is not a solicitation for business. Information provided by the Spokane Association of Realtors® and Federal Reserve. Information deemed reliable but not guaranteed.