Spokane Market Trends - October 2019

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OCTOBER 2019

AVERAGE PRICE UP 8.9%

2016closed price 2017 for October 2018 20192019 The average was $287,985 compared to 71 when the57average price 55 was $264,453. 48 October 2018 (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 October 2019 was 39 30 31 $265,000 compared to October 2018 (Does not represent home values) 52 when the35median price 31 was $240,000. 28 53 37 35 31 33 29 SALES UP54 22.8%43 44 23 one acre including condos for Closed sales55 of single family homes35on less than 56 total 84642 October 2019 compared 36 to October 21 2018 when the total was 689. 59 45 39 60 49 44

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

INVENTORY STEADY

DEC

Current inventory, as of this report totals 945 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 1,368 properties, a 1.6 months supply. NOTE #2: Using the old method inventory is up 2.6% as of this report (1,368 compared to 1,333 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

*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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