Spokane Market Trends September 2018

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SEPTEMBER 2018 2016 2017 2018 AVERAGE PRICE UP 9.9% 71 57 55

JAN

The average closed price for Sep 2018 was $259,472 compared to Sep 2017 when 62 the average55price was 50 $236,161.

FEB

59 53 45 53 45 35 MEDIAN53PRICE 39 UP 9.3%30 The median52closed price 35 for Sep 2018 31 was $235,000 compared to Sep 2017 when the median price37was $215,000. 53 35 (Does not represent home values.) 54 43 33 SALES DOWN 1.3% 55 44 35 Closed sales homes/condos on less than 1 acre for Sep 56of single family 42 2018 total 59 737 compared 45 to Sep 2017 when the total was 747. 60 49

MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

INVENTORY DOWN 24.3%

Current inventory, as of this report totals 1,451 properties which represents a 1.2 months supply. (Months supply based on closed sales for August.)

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

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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