Spokane Market Trends - Jan 2019

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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.


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Spokane Market Trends - Jan 2019 by Coldwell Banker Tomlinson - Issuu