Spokane Real Estate Market Activity - 2019 Thru February 2021
(source: Spokane Association of Realtors)

Reported closed sales of single family homes on less than one acre, including condominiums as of this report total 439 homes. Closed sales are up 4.3% compared to February 2020 when 421 sales were reported. The average closed sales price for February $353,949 up 22.9% from February last year when the average closed sales price was $288,091. The median closed sales price for February 2021 was $325,000 up 21% from February last year when the median price was $268,675.

Year to date sales are virtually the same through February, 895 sales reported sold compared to 899 last year. Year to date average closed sales price is up 23.2%, $350,731 compared to $284,614 last year. Median closed sales price is up 18.5% this year compared to last year through February, $320,000 v. $270,000.

Inventory continues to decline. As of this report there were 133 single family homes including condominiums on the market compared to 452 last year at this time. This represents only a 9 day supply! New construction sales are up this month, 101 closed sales compared to 75 for February 2020.

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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