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

offered by Jeannette Karis "The Broker 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 2020 - Spokane Association of Realtors

559 closed sales of single family homes on less than one acre, including condominiums were reported for March 2020. Closed sales are up 19.4% when compared to March 2019 when 468 closed sales were reported. The average sales price for March 2020 was $308,012 up 14.3% over March 2019ís average sales price of $269,444. The median sales price was $289,900 up 18.1% over March 2019ís median sales price of $245,400.

Year to date or first quarter closed sales total 1,458 up 17.6% over the first quarter closed sales for 2019 of 1,240. First quarter average closed sales price was $293,695 up 11.9% over last yearís first quarter average closed sales price of $262,397. The first quarter median closed sales price this year was $275,000 compared to last year when the median price for closed sales was $240,000, an increase of 14.6%.

Inventory improved by 11.1% over last year at this time, 993 compared to 893. This comparison is under the old system because our new system wasnít implemented until August of 2019. Months supply remains tight at 1.1 months supply. New construction closed sales are up significantly through the first quarter 245 v. 154, an increase of 59.1%.

MARKET ACTIVITY DATA - MARCH 2020

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 19

1,08396765608568$273,820$254,975$155,529,87275

May 19

1,2191,12571741685$285,265$263,000$195,406,77175

Jun 19

1,3351,06771681764$289,308$265,000$221,031,32564

Jul 19

1,4281,205103786850$298,337$246,250$246,515,79296

Aug 19

9611,100961,003869$288,256$267,000$250,494,52181

Sep 19

97791993769799$289,395$267,500$231,226,82992

Oct 19

945800128702846$287,985$265,000$243,635,439113

Nov 19

757578143592615$279,749$265,000$172,045,69483

Dec 19

596398152478674$288,788$257,750$194,643,76192

Jan 20

45761997538432$285,887$273,418$123,503,43972

Feb 20

45265855608421$288,091$268,675$121,286,101973

Mar 19

89472043474459$270,190$245,800$124,017,39743

Mar 20

59284138626559$308,012$289,900$172,178,85491

YTD 20

N/A2,1181901,7721,458$293,695$275,000$428,208,00825

YTD 19

N/A1,8462061,2461.240$262,397$240,000$325,372,975154

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

Jeannette Karis, ABR,AHWD,CRS,ePro,GRI,MRP,PMN,SFR,SRES,VAMRES - "The Broker 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)