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 NOVEMBER 2017 - Spokane Association of Realtors

Sales of single family homes on less than one acre including condominium sales totaled 705 for November 2017. Compared to November last year when sales totaled 610, closed sales are up 15.6%. Compared to last month when sales totaled 803, closed sales are down 12.2%. The average closed sales price for November was $231,512, an increase of 12% over Novemberís 2016 closed sales price of $206,701. The median closed sales price for November was $209,950 up 8.9% when compared to November 2016 when the median price was $192,750.

Year to date closed sales continue to out pace 2016. Closed sales through November total 7,479 compared to 6,927 last year through November, up 8%. The YTD average sales price is up 7.6%, $228,469 v. $212,384. The median YTD sales price is up 7.7%, $210,000 v. $195,000.

Inventory continues tight. As of this report, the inventory of single family homes on less than one acre, including condominiums totaled 1,360. This is down 30 homes from the same time last year when 1,390 homes were on the market. New construction sales continue to lag behind last year. Through November there were 696 new construction sales, including condos, down 9.3% from 767 sales reported through November last year.

MARKET ACTIVITY DATA - NOVEMBER 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)

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

Apr 17

1,457102667577525$224,351$201,900$117,784,51840

May 17

1,6861,27376839770$227,530$208,250$175,198,61857

Jun 17

1,8711,246116795944$233,756$217,000$220,665,89172

Jul 17

1,9771,141154681806$235,241$217,000$189,604,52662

Aug 17

2,0141,091112746903$234,671$218,000$211,908,31987

Sep 17

1,918975619686743$236,235$215,000$175,589,99162

Oct 17

1,709841161649803$227,733$209,900$182,844,93083

Nov 17

1,360531183570705$231,512$209,950$163,216,49369

Nov 16

1,390640204505610$206,701$192,750$126,088,07068

YTD 17

N/A8,8731,0155,6435,967$228,159$210,000$1,361,427,083544

YTD 16

N/A8,8231,4925,2785,645$212,533$195,000$1,199,541,127627

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)