Spokane Real Estate Market Activity - 2015 Thru July 2017
(source: Spokane Association of Realtors)

Decemberís closed sales of single family residen tial property on less than one acre including condo miniums totaled 628. Compared to last month closed sales were down 10.9%, 705 closed sales reported in November compa red to December. Compared to last year, December 2016, cl osed sales were down 6.1%, 669 closed sales in Dece mber 2016 compared to 628 this December. Average sales price for December was $233,302 up 10.9% compared to Dec ember 2016 when the average sales price was $210, 324. M edian sales price was $215,000 this December, up 12 .5% compared to last Decemberís $191,030 median sales p rice. End of year sales totaled second highest in past 30+ years. Total closed sales of single family ho mes on less than one acre including condominiums for 2017 was 8,137. Total sales for 2017 are up 7% over 2016 when 7,6 01 closed sales were reported. The average sales price for t he year came in at $228,732 up 7.8% over 2016ís ave rage sales price of $212,189. Median sales price was $210,000, up 7 .7% over 2016ís median sales price of $195,000. Inventory continues to be low. As of this repor t there were 1,010 single family homes on the marke t. This is down 12.6% from same time last year. New construction s ales finished 2017 down 7.1%, 850 v 790. Average s ales price for new construction sales was up 13.2%, $328,839 c ompared to $290,515 for 2016.

Mark & BJ Mors, Realtors®, e-Pro
Kestell Company Realtors
300 E. 3rd Ave, Spokane, WA 99202
Phone:(509) 879-2892
e-mail BJ & Mark

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