Spokane Market Trends - October 2018

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OCTOBER 2018 2016 2017 2018 AVERAGE PRICE UP 16.1% 71 57 55

JAN

The average closed price for October 2018 was $264,224 compared to 62 when the 55average price 50 was $227,529. (Does not represent home values) October 2017

FEB

59 53 45 53 45 35 MEDIAN53PRICE 39 UP 14.3% 30 The median52closed price for October 35 31 2018 was $240,000 compared to October 2017 53 when the 37median price 35 was $209,950. (Does not represent home values) 54 43 33 SALES DOWN 16% 55 44 35 Closed sales homes 56of single family 42 36 on less than one acre including condos for October592018 total45 680 compared to 810 from October 2017. 60 49

MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

INVENTORY DOWN 22%

Current inventory, as of this report totals 1,333 properties which represents a 2 months supply. (Months supply based on closed sales for October.)

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

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 - October 2018 by Coldwell Banker Tomlinson - Issuu