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 Association Association of REALTORS® Spokane REALTORS® YEAR HOME SALES 2018END MONTHLY HOMEREPORT SALES REPORT FEBRUARY 2017
SALESSALES UP 19.9% UNIT UP 7% Closed sales of single family homes on less than one acre
Closed sales of single family homes on less than one acre including condos for February 2018 total 403 compared to including for 2017 totalwas 8,137 Februarycondos 2017 when the total 336.compared to 7,601 for 2016.
AVERAGE PRICE UP 12.6% AVERAGE PRICE UP 7.8% The average closed price for February 2018 was $231,497
The averagetoclosed price for when 2017 is $228,732 compared February 2017 the average compared price was to $212,189 for 2016. * $205,584.*
MEDIAN PRICE PRICE UP UP 13.3% MEDIAN 7.7% The median closed price for February 2018 was $210,200
The median closed price for 2017 is $210,000 compared to compared to February 2017 when the median price was $195,000 for 2016. * $185,000.* *NOTE: Does not represent home values. *NOTE: Does not represent home values.
INVENTORY INVENTORY DOWN
Inventory to February last year.2017. Current Inventoryisisdown down12.6% 15.5% compared compared to Current inventory propertieswhich which inventory,asasofofthis thisreport reporttotals totals1,010 924 properties represents representsaa1.6 2.3months months supply. supply. NOTE: NOTE:Months Monthssupply supplybased basedon onclosed closed sales sales for for December. February.
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.