December 2021
Housing demand continues to outpace supply, as home sales continue to cool. Average Sales Price
Current Listing Inventory
Average Days On Market
$417,171
197
16
Up 23.4%
Down 9.6%
Even 0.0%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$390,000
673
8,222
Up 23.8%
Down 7.4%
Up 0.6%
December 2021, as compared to December 2020. Information pulled on 01/01/2022 The 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.
2
Spokane County Market Report | December 2021
Average Days On Market For the month of December 2021, month/year comparison 80
2017
2018
2019
2020
2021
70 60 50 40 30 20
17
13
10
7
10
7
6
9
6
16
13
9
5
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Annual Average Sales Price Year-to-date as of December
$400 $400K $322 $320K $240K
$178
$183
$186
$198
2012
2013
2014
2015
$212
$229
2016
2017
$255
$284
$160K $80K $0K 2018
2019
2020
2021
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.90% 3.70% 3.50% 3.18%
3.30% 3.10% 2.90% 2.70%
2.98%
2.97% 2.67%
2.95%
2.80%
2.73%
3.14%
3.10%
3.11%
Oct '21
Nov '21
De c '21
3.01%
2.98%
2.87%
2.50% De c '20
Jan '21
Feb '21
Mar '21
Apr '21
May '21 June '21 July '21
Aug '21
Sep '21
Spokane County Market Report | December 2021
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Active Residential Listings As of 1/1/2022, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
163
136
265
236
229
418
408
575
493
364
197
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 1/1/2022
120
2020
2021
$800K-$1M 6%
$1M+ 10%
0-$150K 6%
80 $600K-$800K 17%
53
40
32 16 19
19 7
27 13
24 13
19
24
33
31 21
30
36
33 37
29
20 19
25
32
+ $1 M
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
Spokane County Market Report | December 2021
200K-$250K 4% $250K-300K 4% $300K-$350K 6% $350K-$400K 11%
0
4
$150-200K 2%
$400K-$450K 10%
$500K-$600K 12% $450K-$500K 12%
Residential Closed Sales For the month of of December 2021, month/year comparison
2017
1000
2018
2019
2020
2021
732 750 567 442
500
717
636
558
765
710
666
673
661
424
250 0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Sold Listings By Price Range Year-over-year comparison for the month of December
200
2020
170 152
160
114 121
112
120
114
104
40
57
44 14
$450K-$500K 8%
$500K-$600K 14%
107 82 85
79
80
$400K-$450K 15%
$350K-$400K 13%
2021
54
54
54 60 55
19
13 16
4
19
$300K-$350K 14%
+
$250K-300K 10%
$1 M
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
0
$600K-$800K 11% 200K-$250K $150-200K 0-$150K 7% 2% 2%
$800K-$1M 2%
Annual Residential Sales Year-to-date as of December
9000
8267
2017
2018
7911
8174
8222
2020
2021
6915
7000 5530
6000 5000
8162 7596
8000 5845
4546
4000 3000 2012
2013
2014
2015
2016
2019
Spokane County Market Report | December 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of December
10000
New
Re-Sa le
8000 6000 4000
6198
6749
7370
7430
6991
7092
7231
4838
5192
541
692
653
717
847
792
837
920
1082
991
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
4005
2000 0
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of December
$500K
Re-Sa le
$466
New
$400K $300K $200K
$168
$218
$202
$188
$175
$172
$290
$284
$274
$258
$246
$391
$311
$271
$244
$391
$379
$354
$329
$100K $0K 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Average Price Per Square Foot Monthly Re-Sale vs New Construction comparison
Re-Sa le
$260
$189 $180
$157
$165
$172
$177
$232
$227
$213
$210
$206
$220
New
$188
$216 $199
$195
$197
$193
Aug '21
Sep '21
$250
$240
$230
$228
$196
$250
$189
$189
Nov '21
De c '21
$140 $100 Jan '21
6
Feb '21
Mar '21
Spokane County Market Report | December 2021
Apr '21
May '21
June '21
July '21
Oct '21
Annual New Construction Sales Year-to-date as of December
1150 1082 1050 991 950
850
920 847
837 792
750
650
550 2016
2017
2018
2019
2020
2021
Comparison New Construction Sales YTD year-over-year comparison as of December
2020
560
2021
530
480 393
400 320 240
288 211
186 160
160
109 80
80 0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | December 2021
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