Spokane Market Trends - Mar 2019

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MARCH 2019

AVERAGE 2016 PRICE 2017UP 14.1% 2018 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2019

The average71 closed price $270,190 compared to March 57 for March 552019 was48 2018 when the average55 price was 50 $236,851. (Does not represent home values) 62 44

59 53 45 40 45 12.2% 35 MEDIAN53PRICE UP 39for March302019 was $245,800 compared to March The median 53 closed price 52 median 35 31 (Does not represent home values) 2018 when the price was $219,000. 53 37 35 54 43 33 SALES DOWN 24.4% 44 35on less than one acre including condos Closed sales 55 of single family homes 56 total 459 42 compared 36to March 2018 when the total was 607. for March 2019 59 45 39 60 49 44

INVENTORY DOWN 12.2%

Current inventory, as of this report totals 894 properties which represents a 1.9 months supply. (Months supply based on closed sales for March.)

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

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 - Mar 2019 by Coldwell Banker Tomlinson - Issuu