Spokane County Home Sales Report - March 2023

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SPOKANECOUNTY

MonthlyHomeSalesReport

March2023

SOLD

SALESDOWN22.9%

Closedsalesofsinglefamilyhomesonlessthanoneacreincluding condosforMarch2023total452comparedtoMarch2022when thetotalwas586.

AVERAGEPRICEDOWN4.7%

Theaverageclosedpricefor March2023 was$435,408comparedto March2022 whentheaveragepricewas$456,701.

MEDIANPRICEDOWN7.1%

Themedianclosedpricefor March2023 was$399,547comparedto March2022 whenthemedianpricewas$430,000.

INVENTORYUP106.7%

FOR SALE

NEW

Inventoryasofthisreporttotals589propertieswhichrepresents1.3 monthssupply.Lastyearatthistimesupplywasat0.5monthssupply. Note:MonthssupplybasedonclosedsalesforMarch

NEWLISTINGSDOWN7.1%

ThenumberofnewlistingsinMarch2023was696,comparedto March2022when749newlistingswerereported.

Informationpulledon04/05/2023.TheinformationinthisreportiscompiledfromareportgivenbytheSpokaneAssociationof REALTORS®andtothebestofourknowledgeisaccurateandcurrent.

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

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