Spokane Market Trends - September 2019

Page 1

SEPTEMBER 2019

AVERAGE PRICE UP 11.5%

2016closed price 2017 for September 2018 2019was $289,395 compared to The average 2019 71 55price was48$259,568. (Does not represent home values) September 2018 when 57 the average

JAN

62 55 50 44 59 53 45 40 MEDIAN53PRICE UP 13.8% 45 35 36 The median53 closed price for September 2019 39 30 31was $267,500 compared to September 2018 when 35 the median31price was28 $235,000. (Does not represent home values) 52 53 37 35 31 33 29 SALES UP54 7.4% 43 44 homes on 35 less than23 Closed sales 55 of single family one acre including condos for 56 total 799 42 compared36to September 2018 when the total was 744. September 2019 59 45 39 60 49 44

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

INVENTORY UP

DEC

Current inventory, as of this report totals 977 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 1,486 properties, a 1.9 months supply. NOTE #2: Using the old method inventory is up 2.4% as of this report (1,486 compared to 1,451 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

*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.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.