Spokane Real Estate Market Activity - 2018 Thru June 2020
(source: Spokane Association of Realtors)

A strong comeback is reflected in June 2020 numbers. 713 residential closed sales of single family homes on less than one acre, including condominiums, were reported for this June. Compared to May 2020 closed sales were up 35.6% reflecting this strong comeback. Compared to June 2019 sale are down 7.5%. The average closed sales price is up 7.4% compared to June last year, $310,623 v $289,187. The median closed sales price for this June was $295,000 up 11.1% compared to June’s 2019 median closed sales of $265,623. Closed residential sales through June 2020 totaled 3,261 down 1% from the same time last year when 3,283 closed sales were reported. The average closed sales price through the first half of 2020 is $301,085 up 9.3% compared to last year’s closed sales price of $275,445 over the same period. Median half year closed sales price is $281,000 up 10.2% compared to last year’s median closed sales price of $255,000. Inventory supply as of this report is down to one month. As of this report 728 homes were on the market. New construction closed sales total 437 compared to 389 over the same period last year, an increase of 12.3%

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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