Spokane Market Trends - June 2019

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JUNE 2019

AVERAGE PRICE UP 7.9%

2016closed price 2017 for June 20182019 was 2019 The average $289,308 compared to June 71 average57price was 55 2018 when the $268,039. 48 (Does not represent home values)

JAN

62 55 50 44 59 53 45 40 MEDIAN53PRICE UP 8.2% 45 35 36 The median53 closed price for June 2019 was $265,000 compared to June 2018 39 30 31 when the median price35was $245,000. (Does not28 represent home values) 52 31 53 37 35 54 43 33 SALES DOWN 17.2% 44 35 on less than one acre including condos Closed sales55of single family homes 56 total 76442compared36to June 2018 when the total was 923. for June 2019 59 45 39 60 49 44

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

INVENTORY DOWN 6.1%

DEC

Current inventory, as of this report totals 1,335 properties which represents a 1.7 months supply. (Months supply based on closed sales for June.)

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

40

36

31

28

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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