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 REALTORS® Spokane Association Association ofof REALTORS® YEAR HOMEHOME SALESSALES REPORT 2018END MONTHLY REPORT
2017 JUNE
SALES DOWN 3.8% UNIT SALES UP Closed sales of single family homes7% on less than one acre
including condos for June 2018homes total 917 Closed sales of single family oncompared less thantoone acre June 2017 when the 953.8,137 compared to 7,601 for including condos fortotal 2017was total 2016.
AVERAGE PRICE UP 15.2%
The average closed price for June 2018 was $268,828 compared AVERAGE PRICE 7.8% to June 2017 when the average priceUP was $233,361.*
The average closed price for 2017 is $228,732 compared to $212,189 for 2016. *
MEDIAN PRICE UP 13.9%
The median closed price for June 2018 was $246,250 compared to June 2017 when the median price was $216,150.*
MEDIAN PRICE UP 7.7% *NOTE: Does not represent home values.
The median closed price for 2017 is $210,000 compared to $195,000 for 2016. *
INVENTORY DOWN
*NOTE: Does not represent home values.
Inventory is down 24% compared to June 2017. Current inventory, as of this report totals 1,422 properties which represents a 1.6 months supply.
INVENTORY DOWN NOTE: Months supply based on closed sales for June.
Inventory is down 12.6% compared to last year. Current inventory as of this report totals 1,010 properties which represents a 1.6 months supply.
DISTRESSED SALES DOWN
NOTE: Months supply based on closed sales for December. Sales of Distressed homes accounted for 2.1% of sales in June
2018 compared to 5.1% in June 2017.
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.
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.