Spokane WA Real Estate: Market Activity Data ....

offered by Jeannette Karis "The REALTOR with the English accent!"

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If you would like more detailed statistics for the area where you live email Jeannette Karis

MARKET ACTIVITY REPORT MARCH 2017 - Spokane Association of Realtors

Closed sals of single family homes on less than one acre including condos totaled 525 for April, down 10.4% from last year's total for April of 586 closed sales. The average sales price in April was $224,351 up 9.1% from April 2016 when the average sales price was $205,726. Median sales price for April was $201,900 up 5.8% from the median sales price last April which was $190,750.

Year to date sales through April 2017 total 1,794, up 1% over the same period in 2016 when 1,776 closed sales were reported. The average year to date sales price is $215,907 up 7.4% over last year's average of $201,014. The median year to date sales price is $199,234 up 7.7% from 2016 year to date median sales price is $199,234, up 7.7% from 2016 year to date median sales price of $185,000.

Inventory continues to lag behind last year. Currently there are 1,457 single family family homes on the market as of this report, down 24.7% compared to last year at this time when 1,934 homes were on the market. New construction was down by half for April compared to last year. 40 new construction sales were reported in April compared to 81 last year. New construction sales are expected to pick up as the weather improves.

MARKET ACTIVITY DATA - MARCH 2017

Active
Listings

New
Listings

Expired
Listings

Pending
Sales

Closed
Sales

Average
Sales Price
(Closed)

Median
Sales Price
(Closed)

Total
Volume

New Home
Sales
(Closed)

Apr 16

1,93431,068120599585$205,801$191,500$120,394,14081

May 16

2,0441,063129706702$218,542$200,000$153,416,92570

Jun 16

2,0811,287209736792$217,604$196,975$172,343,130/td>72

Jul 16

2,1141,000162638751$222,321$208,000$166,963,15674

Aug 16

2,0351,004145777821$215,382$199,900$176,828,80677

Sep 16

1,898865197649781$215,557$201,000$168,350,35687

Oct 16

1,709715162593665$216,344$198,000$143,869,01872

Nov 16

1,390640162505608$206,813$192,750$125,742,46068

Dec 16

1,156416226408664$209,646$191,215$139,205,18283

Jan 17

1,153609149356378$206,351$195,000$78,001,00048

Feb 17

1,09458095420335$205,077$185,000$68,701,06741

Mar 17

1,26893298543555$220,984$204,900$122,646,65977

Mar 16

1,752932115616495$204,562$187,500$101,054,08357

YTD 17

N/A3,1474091,8961,794$215,907$199,234$387,338,288206

YTD 16

N/A3,6046501,8791,776$201,014$185,000$356,800,254246

If you would like more detailed statistics for the area where you live just email Jeannette

Jeannette Karis, ABR,CRS,ePro,GRI,SFR,SRES,VAMRES,MRP - "The REALTOR with the English accent!"
call/text 509-994-8246 // licensed in WA state
RE/MAX of Spokane, 12810 E Nora, Suite E, Spokane WA 99216 (each office independently owned & operated)