Spokane Market Trends - November 2019

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NOVEMBER 2019

AVERAGE PRICE UP 5.9%

2016closed price 2017 for November 2018 2019 The average 2019 was $279,749 compared to 71 when the 57 average55price was 48 November 2018 $264,102. (Does not represent home values)

JAN

62 55 50 44 59 53 45 40 MEDIAN53PRICE UP 10.4% 45 35 36 The median53 closed price for November 2019 was $265,000 compared to 39 30 31 November 2018 price was $240,000. (Does not represent home values) 52 when the 35 median31 28 53 37 35 31 54 43 33 29 SALES DOWN 7.7% 44 homes35 23one acre including condos for Closed sales 55 of single family on less than 56 total 615 42 compared36to November 21 2018 when the total was 666. November 2019 59 45 39 26 60 49 44

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

INVENTORY STEADY

DEC

Current inventory, as of this report totals 757 properties which represents a 1.2 months supply. NOTE #1: Inventory does not include CTG-Inspection. As an example - Inventory, including CTG-Inspection (now Pend-Inspection) would total 1,208 properties, a 1.2 months supply. NOTE #2: Using the old method inventory is up 14.8% as of this report (1,208 compared to 1,052 last year at this time).

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

31

29

*23

*21

*26

*Starting September 1st, data no longer includes CTG-Inspection 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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