NOVEMBER 2018 2016 2017 2018 AVERAGE PRICE UP 14% 71 57 55
JAN
The average closed price for November 2018 was $264,046 compared to 62 55 average50price was $231,531*. (Does not represent home values) November 2017 when the
FEB
59 53 45 53 45 35 MEDIAN53PRICE 39 UP 14.3% 30 The median52closed price for November 2018 was $240,000 compared to 35 31 November 2017 when the price was $209,975.* (Does not represent home values) 53 37 median 35 54 43 33 SALES DOWN 7.2% 55 44 35 Closed sales homes 56of single family 42 36 on less than one acre including condos for November to November 2017 when the total 59 2018 total 45 655 compared 39 was 706. 60 49
MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
INVENTORY DOWN 22.6%
Current inventory, as of this report totals 1,052 properties which represents a 1.6 months supply. (Months supply based on closed sales for October.)
DAYS ON MARKET
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
2016
71
62
59
53
53
52
53
54
55
56
59
60
2017
57
55
53
45
39
35
37
43
44
42
45
49
2018
55
50
45
35
30
31
35
33
35
36
39
Information comes from the SAR’s Monthly Activity Report which looks at single family residential/site built properties on less than one acre and condominiums.
DEC
1878
1491
2014 283 288 384 FEB 439 2104 551 2093 601 1685 626 1094 609 924 504 562 455 507
2015 343 325 494 MAR 554 2270 647 2162 766 2162 755 1268 694 1018 657 591 437 597
2014 13% 14% 17% FEB 17% 288 20% 325 21% 339 21% 335 21% 19% 403 22% 20% 27%
2015 18%
1156
SPOKANE RESIDENTIAL LISTINGS
1010
3500 3000 2500 2000 1500 1000 JAN FEB500
MAR 0 APR 2014 MAY 2015 JUN 2016 JUL 2017 AUG 2018 SEP
JAN 2098 1907 1543 1153 946
OCT NOV DEC
APR 2523 2307 1934 1457 1165
2016 352 339 495 MAY 585 2745 702 2423 792 2044 751 1686 821 1389 781 665 2014 608 664
2017 378 335 555 JUN 525 2811 770 2466 944 2081 806 1871 903 1422 743 20158032016 705 628
2018 464 403 602 JUL 608 2918 758 2493 917 2114 896 1977 896 1466 737 2017 6802018 655
2016 23% 20% 23% 30%MAY 34%551 38%647 36%702 40%770 41%758 39% 2014 44% 57%
2017 32% 31% 43% JUN 36% 601 45% 766 50% 792 41% 944 45% 39% 917 47% 2015 2016 52% 63%
2018 49% 44% 59% JUL 52% 626 55% 755 64% 751 61% 806 61% 896 51% 51% 2017 2018 62%
SPOKANE RESIDENTIAL CLOSED SALES
1000 900 800 700 600 500 400 JAN 300 FEB 200 MAR100 0 APR MAY2014
JAN 283
JUN 2015 JUL 2016
343
AUG2017 SEP 2018
378
352 464
OCT NOV DEC
16%
23%
MAR 24%
APR
384
439
494
554
27% 31% 495 30% 555 29% 602 29% 29% 23% 40%
585 525 608
SPOKANE ODDS OF SELLING
AUG
SEP
OCT
NOV
DEC
2835
2712
2501
2236
1878
2400
2293
2073
1866
1491
2035
1898
1709
1390
1156
2014
1918
1709
1360
1010
1460
1451
1333
1052
AUG
SEP
OCT
NOV
DEC
609
504
562
455
507
694
657
591
437
597
821
781
665
608
664
903
743
803
705
628
896
737
680
655
70% 60% 50% 40% 30% 20% 10% 0% 2014
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
13%
14%
17%
17%
20%
21%
21%
21%
19%
22%
20%
27%
2015
18%
16%
23%
24%
27%
31%
30%
29%
29%
29%
23%
40%
2016
23%
20%
23%
30%
34%
38%
36%
40%
41%
39%
44%
57% 63%
2017
32%
31%
43%
36%
45%
50%
41%
45%
39%
47%
52%
2018
49%
44%
59%
52%
55%
64%
61%
61%
51%
51%
62%
2014
2015
2016
2017
2018
NOV DEC
183,029 187,324
201,817 195,690
206,837 209,646
2014 152,000 157,750 163,950 169,296 FEB 164,000 175,476 172,000 187,343 169,800 200,245 177,160 205,077 175,050 231,497 169,900 165,500 164,900
2015 160,000 173,000 169,900 170,000 MAR 175,000 182,040 183,500 182,738 190,000 204,562 185,000 220,984 183,000 237,544 180,000 176,500 176,000
2016 175,000 185,000 187,500 APR191,500 MAY 200,000182,335 182,945 196,975192,400 190,578 208,000218,542 205,801 199,900227,530 224,351 201,000265,057 254,594 198,000 192,750 2014 191,215
SPOKANE AVERAGE SALES PRICE
231,512 233,302
264,046
300,000 250,000 200,000 150,000 JAN 100,000 FEB 50,000 MAR APR 0
MAY 2014
JUN 2015 JUL 2016
AUG 2017
SEP 2018 OCT
JAN 164,680 176,475 191,266 206,351 224,091
NOV DEC
SPOKANE MEDIAN SALES PRICE
2017 2018 195,000 208,500 185,000 210,200 204,900 219,000 201,900 231,097 JUN JUL AUG 208,250 240,000 190,142 186,795 198,140 217,000 246,250 204,483 211,837 203,532 217,000 235,000 217,604 222,321 215,382 218,000 247,500 233,756 235,241 234,671 215,000 235,000 268,828 259,300 260,812 209,900 240,000 2015 2016 240,000 2017 2018 209,950 215,000
SEP
OCT
NOV
DEC
192,109
191,360
183,029
187,324
200,220
201,766
201,817
195,690
215,557
216,344
206,837
209,646
236,325
227,733
231,512
233,302
259,472
264,224
264,046
300,000 250,000 200,000 150,000 100,000 50,000 0
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
2014
152,000
157,750
163,950
169,296
164,000
172,000
169,800
177,160
175,050
169,900
165,500
164,900
2015
160,000
173,000
169,900
170,000
175,000
183,500
190,000
185,000
183,000
180,000
176,500
176,000
2016
175,000
185,000
187,500
191,500
200,000
196,975
208,000
199,900
201,000
198,000
192,750
191,215
2017
195,000
185,000
204,900
201,900
208,250
217,000
217,000
218,000
215,000
209,900
209,950
215,000
2018
208,500
210,200
219,000
231,097
240,000
246,250
235,000
247,500
235,000
240,000
240,000
2014
2015
2016
2017
2018
ANNUAL APPRECIATION/DEPRECIATION 20.00% 15.00% 10.00% 5.00% 0.00% -5.00% -10.00%
2001 Percent 2.33%
2002
2003
2004
2005
2006
2007
1.36%
7.53%
7.59% 16.28% 16.67% 5.97%
2008
2009
2010
2011
-0.76% -8.20% -3.30% -5.10% Percent
2012
2013
2014
2015
2016
2017
3.30%
2.90%
2%
7.10%
8.40%
7.70%
ANNUAL RESIDENTIAL LISTINGS AND CLOSED SALES 18,000
16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0
2009
2010
2011
2012
2013
2014
Listings 9,848
2001
10,242 10,588 10,856 11,879 13,675 15,559 12,833
9,782
9,919
8,701
8,507
9,642
9,954
10,303 10,594 11,150
Sold
6,243
4,664
4,249
4,020
4,533
5,510
5,820
6,863
7,571
8,137
2012
2013
2014
2015
2016
2017
5,898
2002
2003 7,218
2004 7,758
2005 8,373
2006 7,792
2007 6,935
2008 4,911 Listings
Sold
2008
2009
2015
2016
2017
ANNUAL AVERAGE AND MEDIAN SALES PRICE 250,000
200,000 150,000 100,000 50,000 0
2001
2002
2003
2004
2005
2006
2007
2010
2011
Av erage 121,920 127,973 132,273 147,006 172,413 197,384 211,872 206,291 187,585 183,483 167,665 177,272 182,682 186,275 197,593 212,144 228,732 Median 110,000 111,500 119,900 129,000 150,000 175,000 185,400 184,000 169,000 163,400 154,900 160,000 164,697 168,000 179,900 195,000 210,000 Av erage
Median
ANNUAL AVERAGE INTEREST RATES FOR 30-YEAR FIXED MORTGAGE 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Per cent 7.30%
7.17%
6.05%
5.88%
5.80%
6.28%
6.46%
5.50%
5.50%
4.69%
4.42%
3.63%
3.98%
3.87%
4.17%
4.16%
3.99%
Per cent
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