Spokane Market Trends - May 2019

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MAY 2019

AVERAGE PRICE UP 6.1%

2016closed price 2017 for May 2018 The average 2019 was2019 $281,182 compared to May 2018 71 55 when the average price57was $265,057. (Does not48 represent home values)

JAN

62 55 50 44 59 53 45 40 MEDIAN53PRICE UP 9.4% 45 35 36 The median53 closed price for May 2019 was $262,550 compared to May 2018 39 30 31 when the median price35was $240,000. (Does not represent home values) 52 31 53 37 35 54 43 33 SALES DOWN 10.2% 44 35 on less than one acre including condos Closed sales55of single family homes for May 201956total 681 42 compared 36 to May 2018 when the total was 758. 59 45 39 60 49 44

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

INVENTORY DOWN 12.2%

DEC

Current inventory, as of this report totals 1,219 properties which represents a 1.8 months supply. (Months supply based on closed sales for May.)

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

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 - May 2019 by Coldwell Banker Tomlinson - Issuu