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

Closed residential sales of single family homes on less than one acre including condominiums totaled 8 06 for July 2017. Sales in June totaled a record 945. Compare d to July 2016 when 757 sales closed, sales were up 6.5%, 806 v 757. The average sales price for this July was $23 5,431 up 5.5% from the July 2016 average sales pric e of $222,938. The median price for this July was $217,000 up 4.3% from July 2016 when the median price was $208,000. Through July this year closed sales of single famil y homes on less than one acre including condominium s total 4,316 compared to 4,035 over the same period in 2016, an increase in closed sales of 6.5%. The average sales price through July is $225,483 up 6.6% over the same period last year when the average price was $211,436. This med ian sales price through July this year is $207,000, up 6.7% c ompared to last year when the median price was $194 ,000. Our inventory situation improved in July. While we are still down, 1,977 compared to 2,114 at this ti me last year, the percentage decrease is in single digits, curren tly down 6.5%. New construction closed sales, repo rted to the Spokane MLS, is still lagging behind last year. Cl osed sales of new construction is down 14.7%, 395 v 463.

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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