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

offered by Jeannette Karis "The REALTORŪ 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 Data - NOVEMBER 2011 - Residential Report

Closed sales in November total 324 compared to November 2010 sales were down 280. Sales for this November are up 15.7% over November last year. Closed sales compared to last month (October) are a push. 324 this November to 323 for October. This is a positive in that sales in November are traditionally down from October sales. Prices continue to trend downward impacted by REO and Short Sales which make up about 25% of total sales. This month the average selling price was 4167,200 down 7.3% from November last year when the average price was $180,278. Median price are down 2.3% ($148,000 compared to $152,000).

Year to date sales (through November) are down 6.5%. 3,658 closed sales reported compared to 3,917 closed sales reported last year. Current inventory is down 7.3%. This coupled with sales up in the second half of this year by 13% reflect positive trends.

NOVEMBER HOME SALES MARKET ACTIVITY

Active
Listings

New
Listings

Expired
Listings

Pending
Sales

Closed
Sales

Average
Sales Price
(Closed)

Median
Sales Price
(Closed)

Total
Volume

New Home
Sales
(Closed)

Oct 11

2,792601264349323$170,872$160,000$55,191,89442

Sep 11

2,992713265361396$161,821$153,000$64,081,46246

Aug 11

3,128844226383392$166,413$153,000$65,233,90746

Jul 11

3,177822216341367$178,067$165,800$65,350,88050

Jun 11

3,114933247449458$176,405$149,950$62,755,76139

May 11

2,977861170386382$164,282$153,000$64,081,46246

Apr 11

2,874846206351332$166,868$153,157$55,15742

Mar 11

2,738641215336307$162,187$154,000$49,791,45929

Feb 11

2,663603188257190$166,418$150,000$31,619,50425

Jan 11

2,676830309224184$178,903$155,000$32,918,32332

Dec 10

2,593451509236336$179,516$157,750$60,317,61456

Nov 10

2,950519266249279$180,278$152,000$50,927,60240

Nov 11

2,589547239285324$167,200$148,500$54,172,94546

YTD 10

9,4682,7593,8793,917$183,785$164,000$719,886,638497

YTD 11

8,2412,5463,7213,658$169,006$155,000$618,226,381457

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

Jeannette Karis, ABR,CRS,GRI,SRES,SFR,ePro - "The REALTORŪ with the English accent!"
509-994-8246 // 800-490-4378 // licensed in WA state
RE/MAX of Spokane, 12810 E Nora, Suite E, Spokane WA 99216 (each office independently owned & operated)