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

offered by Jeannette Karis RE/MAX of Spokane "The Broker with the English accent!"©

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MARKET ACTIVITY REPORT SEPTEMBER 2022 - Spokane Association of Realtors

Single family homes, including condominium units, reported a total of 580 closed sales for the month of September 2022. Comparatively, versus September 2021, this indicates a decline in sales of approximately 7.8% YOY at 580 v. 629 respectively. This shows a slight slowing from August declines YOY despite increases in the Federal Reserve Mortgage Interest Rates. The average closed sales price for September 2022 was $453,006 up 8.7% from the September 2021 closed sales price of $413,863. Median closed sales price for September 2022 was $405,000 up 6.2% from September 2021 median closed sales price of $380,000.

Year to date closed sales through September total 5,230. This total is down 14% compared to closed sales reported through September last year of 6,081. The year to date average sales price through September is $456,086 up 13.6% when compared to last year when year to date closed sales price was $398,743 The median year to date closed sales price through September 2022 was $423,000 up 13.3% to last year’s year to date sales price through September of $367,138.

Inventory, at the time of this report, totals 1,049 properties or 1.8 months of inventory, remarkably similar to last month with 1.7 months of inventory. New construction closed sales this month were even at 54 v. 54. So far this year through September new construction closed sales are down 22.3% at 601 v. 763.

MARKET ACTIVITY DATA - SEPTEMBER 2022

9

Active
Listings

New
Listings

Expired
Listings

Pending
Sales

Closed
Sales

Average
Sales Price
(Closed)

Median
Sales Price
(Closed)

Total
Volume

New Home
Sales
(Closed)

Jan 22

20949343423411$413,100$380,000$169,784,13051

Feb 22

23754229476347$426,067$400,000$147,845,23153

Mar 22

23373925588538$457,967$430,000$246,386,23277

Apr 22

35285530709570$460,388$425,000$262,420,97368

May 22

47997243785638$481,543$450,000$307,224,33174

Jun 22

798108554663704$478,932$440,000$337,168,27472

Jul 22

1011100898622583$461,005$420,000$268,795,16257

Aug 22

103990298703629$445,867$420,000$280,450,07354

Sep 22

1049847137530580$453,006$405,500$262,473,41754

Sep 21

61797669763803$413,863$380,000$332,331,77987

YTD 22

N/A7,6457905,4915,230$456,086$423,000$2,399,469,944601

YTD 21

N/A7,2792536,2566,083$398,743$367,138$2,425,615,151763

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

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