Spokane County Home Sales Report - February 2023

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SPOKANECOUNTY

MonthlyHomeSalesReport

February2023

SOLD

SALESDOWN29.9%

Closedsalesofsinglefamilyhomesonlessthanoneacreincluding condosforFebruary2023total255comparedtoFebruary2022 whenthetotalwas364.

AVERAGEPRICEDOWN2.0%

Theaverageclosedpricefor February2023 was$418,664compared to February2022 whentheaveragepricewas$427,411.

MEDIANPRICEDOWN6.0%

Themedianclosedpricefor February2023 was$375,000compared to February2022 whenthemedianpricewas$398,582.

INVENTORYUP133.8%

FOR SALE

Inventoryasofthisreporttotals498propertieswhichrepresents2.0 monthssupply.Lastyearatthistimesupplywasata0.6months supply. Note:MonthssupplybasedonclosedsalesforFebruary

NEWLISTINGSDOWN12.8%

ThenumberofnewlistingsinFebruary2023was482,upfrom February2022when553newlistingswerereported.

Informationpulledon03/01/2023.TheinformationinthisreportiscompiledfromareportgivenbytheSpokaneAssociationof REALTORS®andtothebestofourknowledgeisaccurateandcurrent.

©ColdwellBankerRealEstateLLC.AllRightsReserved.ColdwellBanker® andtheColdwellBankerLogoareregisteredservicemarksownedbyColdwellBankerRealEstateLLC.ColdwellBankerRealEstateLLCfullysupportsthe principlesoftheFairHousingActandtheEqualOpportunityAct.Eachofficeisindependentlyownedandoperated.Notintendedasasolicitationifyourpropertyisalreadylistedbyanotherbroker.

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