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 of REALTORS® Spokane of REALTORS® YEAR ENDAssociation HOME SALES REPORT 2018 MONTHLY HOME SALES REPORT 2017 MARCH
UNIT UP 7% SALESSALES UP 7.3%
Closed of single singlefamily familyhomes homes less than Closed sales sales of onon less than oneone acreacre including forMarch 2017 total compared toto7,601 for including condos condos for 2018 8,137 total 602 compared 2016. March 2017 when the total was 561.
AVERAGE PRICEUP UP7.7% 7.8% AVERAGE PRICE
The closedprice pricefor forMarch 2017 2018 is $228,732 compared to Theaverage average closed was $237,544 compared $212,189 2016. to March for 2017 when*the average price was $220,466.*
MEDIAN PRICE UP 7% MEDIAN PRICE UP 7.7% The median closed price for March 2018 was $219,000 compared The median closed for 2017 is $210,000 compared to to March 2017 whenprice the median price was $204,700.* *NOTE: Does for not represent $195,000 2016. home * values. *NOTE: Does not represent home values.
INVENTORY DOWN
INVENTORY DOWN Inventory is down 19.7% compared to March 2017. Current
Inventory last year.which Current inventory,isasdown of this12.6% reportcompared totals 1,018toproperties representsasa of 1.7this months supply. inventory report totals 1,010 properties which NOTE: Months supply on closed sales for March. represents a 1.6based months supply. NOTE: Months supply based on closed sales for December.
DISTRESSED SALES DOWN
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.