August 2022
The
Spokane County Market Report | August 20222 Information
In Augus t 2022, Spokane home prices were up 5.6% compared to last year, selling for a median price of $ 419,000. On median, homes in Spokane sell after 14 days on the market, up 180.0% from last year in Augus t There were 589 homes sold in Augus t this year, down from 79 2 last year. pulled on 09/01/2022 information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
41 21 20 18 20 22 26 27 29 29 35 45 28 24 19 17 18 20 23 14 9 12 15 17 12 5 4 6 5 4 5 5 5 6 6 5 4 3 4 4 4 4 5 5 5 7 8 7 4 4 4 4 5 6 10 142018-0150403020100 2018-04 2018-07 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 Median Days On Market As of 9/1/2022 . By month dating from January 2018 to Augus t 2022. Days on Market is the median number of days between when a property is listed and the contract date. Annual Median Sales Price Year to date as of Augus t Median Sales Price is the mid point (median) value where the price for half of the closed sales is higher and half is lower. $210 $234 $260 $290 $365 $425$500K$400K$300K$200K$100K$0K 2017 2018 2019 2020 2021 2022 Monthly Mortgage Rates Monthly 30 year fixed mortgage rates highlighting the week ending Thursday, Septembe r 1, 2022. 2.87% 3.01% 3.14% 3.10% 3.11% 3.55% 3.89% 4.67% 5.10% 5.10% 5.70% 5.30% 5.66%6.00%5.50%5.00%4.50%4.00%3.50%3.00%2.50% Aug '21 Sep '21 Oct '21 Nov '21 Dec '21 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Spokane County Market Report | August 2022 3
Spokane County Market Report | August 20224 Active Residential Listings As of 9/1/2022 . By month dating from January 2018 to Augus t 2022. Active Inventory is the number of properties for sales at the end of the month, based on the contract date. Active Listings By Price Range As of 9/1/2022 915 1177 1457 1349 838 1090 1437 1053 583 709 677 521 225 276 500 563 224 412 10081026160014001200100080060040020002018-01 2018-04 2018-07 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 21 10 24 50 51 64 57 66 74 104 45 65 28 21 43 89 115 144 136 115 187 233 90 88240200160120804000-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2021 2022 0 $150K2% $1502%200K 200K3%$250K$250K$400K$350K$300K7%300K$350K9%$400K11%$450K11% $450K9%$500K $500K14%$600K $600K18%$800K $800K7%$1M $1M+7% New Residential Listings As of 9/1/2022 . By month dating from January 2018 to Augus t 2022. New Listings is the number of properties listed regardless of current status. 648 961 993 800 614 976 1055 819 638 686 1001 805 509 782 981 789 483 861 1001897120010008006004002002018-01 2018-04 2018-07 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07
Spokane County Market Report | August 2022 5 Residential Closed Sales As of 9/1/2022 . By month dating from January 2018 to Augus t 2022. Closed Sales is the number of properties sold. 472 620 911 697 368 574 860 851 458 548 928 870 465 654 849 732 432 607 60458910009008007006005004003002018-01 2018-04 2018-07 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 Annual Residential Closed Sales Year to date as of Augus t Closed Sales is the number of properties sold. 5307 5641 5014 5083 5324 46175700550053005100490047004500 2017 2018 2019 2020 2021 2022 14 20 45 87 113 123 102 76 90 94 31 2124 13 22 71 97 98 69 94 82 86 24 1915012090603000-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2021 2022 0 $150K3%$1502%200K 200K3%$250K $250K10%300K $300K $350K14%$350K$400K14% $400K10%$450K $450K14%$500K $500K $600K12%$600K$800K12% $800K3%$1M Sold Listings By Price Range Year over year comparison for the month of August.
Months Supply of Inventory As of 9/1/2022 . By month dating from January 2018 to Augus t 2022. Months Supply of Inventory is the number of months it would take to sell the available inventory at the current rate. Sale-to-List Price Ratio As of 9/1/2022 . By month dating from January 2018 to Augus t 2022. Sale to List Price Ratio is the average of sales price divided by the final list price expressed as a percentage. 1.9 2.3 1.7 1.9 1.8 1.5 1.6 1.6 2 1.9 1.6 1.3 2.3 2 1.9 1.9 1.8 1.8 1.7 1.3 1.4 1.2 1.4 0.9 1.3 1.2 1.2 1.3 1.3 0.8 0.7 0.7 0.7 0.6 0.5 0.3 0.5 0.4 0.4 0.4 0.4 0.4 0.6 0.6 0.8 0.8 0.6 0.4 0.5 0.6 0.5 0.7 0.8 1.1 1.7 1.72.42.11.81.51.20.90.60.302018-01 2018-04 2018-07 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2020-07 99.4% 100.6% 101.0% 99.9% 99.6% 101.3% 101.2% 100.3% 99.4% 101.3% 101.5% 101.7% 101.2% 105.4% 105.3% 103.0% 101.4% 105.0% 101.2%99.9%108.0%107.0%106.0%105.0%104.0%103.0%102.0%101.0%100.0%99.0%98.0%2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-07 Spokane County Market Report | August 20226
488 569 543 659 679 546 4819 5072 4471 4424 4645 40716000500040003000200010000 2017 2018 2019 2020 2021 2022 New Re-Sale Annual Residential Closed Sales Year to date Re Sale vs New Construction as of Augus t Closed Sales is the number of properties sold. Annual Median Sales Price Year to date Re Sale vs New Construction as of Augus t Sales Price is the mid point (median) value where the price for half of the closed sales is higher and half is lower. $200 $224 $250 $278 $355 $410 $298 $327 $350 $356 $432 $500$525K$450K$375K$300K$225K$150K 2017 2018 2019 2020 2021 2022 Re-Sale New Median Price Per Square Foot As of 9/1/2022 . Monthly Re Sale vs New Construction comparison. Price per Square Foot is the mid point (median) PPSF of all closed listings. $189 $193 $186 $192 $192 $203 $211 $223 $218 $221 $207 $206 $231 $244 $253 $243 $266 $243 $246 $273 $265 $270 $270 $268$275$250$225$200$175 Sep '21 Oct '21 Nov '21 Dec '21 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Re-Sale New Spokane County Market Report | August 2022 7
