2023 county Spokane MarketReport MonthlyMarketReportforSpokaneCounty January 2023
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.
Median Days On Market
As of 2/1/2023. By month dating from January 2019 to January 2023. 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 January.
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 $235 $272 $315 $375 $370 $100K $150K $200K $250K $300K $350K $400K 2018 2019 2020 2021 2022 2023 Average Sales Price Current Listing Inventory Median Days On Market $399,366 Down
from
month Down
Median Sales Price $370,000 Down
month Down
566 Down 11.7% from
month Up
250
month Down
Residential Closed Sales 23
month
250
Annual Residential Closed Sales Spokane County Market Report | December 2022 2 Information pulled on 02/01/2023
4.1%
prior
2.8% from prior year
2.6% from prior
1.3% from prior year
prior
151.6% from prior year
Down 35.1% from prior
42.3% from prior year
Down 25.8% from prior
Up 475.0% from prior year
Down 42.3% from prior year
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 14 17 16 22 31 23 0 10 20 30 40 50 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 2022-10 2023-01
Spokane County Market Report | January 2023 2
Months Supply of Inventory
As of 2/1/2023. By month dating from January 2019 to January 2023. 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 2/1/2023. By month dating from January 2019 to January 2023. Sale - to - List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.
Monthly Mortgage Rates
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 1.6 1.8 2.1 2.1 1.7 2.3 0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4 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 2022-10 2023-01
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% 99.4% 98.7% 98.0% 99.0% 100.0% 101.0% 102.0% 103.0% 104.0% 105.0% 106.0% 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 2022-10 2023-01 Spokane County Market Report | January 2023 3
January
2023. 3.55% 3.89% 4.67% 5.10% 5.10% 5.70% 5.30% 5.66% 6.70% 7.08% 6.49% 6.42% 6.13% 2.50% 3.25% 4.00% 4.75% 5.50% 6.25% 7.00% Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Jan '23
Monthly 30 - year fixed mortgage rates highlighting the week ending Thursday,
26,
Active Residential Listings
As of 2/1/2023. By month dating from January 2019 to January 2023. 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
0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M
New Residential Listings
As of 2/1/2023. By month dating from January 2019 to January 2023.
the number of properties listed regardless of current status.
Spokane County Market Report | January 2023 4
As of 2/1/2023. 838 1090 1437 1053 583 709 677 521 225 276 500 563 224 412 1008 1048 628566 0 200 400 600 800 1000 1200 1400 1600 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 2022-10 2023-01 13 9 5 16 17 13 19 28 43 58 17 31 32 18 13 48 53 71 78 72 105 116 42 45 0 40 80 120 160 200 240
$1M+ 2022 2023 0-$150K 5% $150-200K 3% 200K-$250K 2% $250K-300K 7% $300K-$350K 8% $350K-$400K 10% $400K-$450K 11% $450K-$500K 10% $500K-$600K 15% $600K-$800K 17% $800K-$1M 6% $1M+ 6%
New Listings is
614 976 1055 819 638 686 1001 805 509 782 981 789 483 861 1001 658 303 517 200 400 600 800 1000 1200 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 2022-10 2023-01
Residential
Closed Sales
As of 2/1/2023. By month dating from January 2019 to January 2023.
Sold Listings By Price Range
Year - over - year comparison for the month of January.
0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M
Annual Residential Closed Sales
Spokane County Market Report | January 2023 5
Closed Sales is the number of properties sold. 368 574 860 851 458 548 928 870 465 654 849 732 432 607 604 456 340 250 200 300 400 500 600 700 800 900 1000 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 2022-10 2023-01
Year - to - date as of January. Closed Sales is the number of properties sold. 472 368 458 465 433 250 200 250 300 350 400 450 500 2018 2019 2020 2021 2022 2023 6 11 38 48 65 83 49 41 50 48 13 6 5 10 28 34 42 39 30 27 34 23 5 7 0 20 40 60 80 100
$1M+ 2022 2023 0-$150K 2% $150-200K 3% 200K-$250K 10% $250K-300K 12% $300K-$350K 15% $350K-$400K 14% $400K-$450K 11% $450K-$500K 9% $500K-$600K 12% $600K-$800K 8% $800K-$1M 2%
Annual Residential Closed Sales
Annual Median Sales Price
Median Price Per Square Foot
As of 2/1/2023. Monthly Re - Sale vs New Construction comparison. Price per Square Foot is the mid - point (median) PPSF of all closed listings.
55 51 76 64 53 29 417 317 382 401 380 222 0 100 200 300 400 500 600 2018 2019 2020 2021 2022 2023 New Re-Sale
to
Re - Sale vs New Construction
January. Closed Sales is the number of properties sold.
Year -
- date
as of
Sales Price
the mid
$195 $225 $250 $300 $360 $350 $321 $371 $327 $390 $479 $554 $150K $200K $250K $300K $350K $400K $450K $500K $550K 2018 2019 2020 2021 2022 2023 Re-Sale New
Year - to - date Re - Sale vs New Construction as of January.
is
- point (median) value where the price for half of the closed sales is higher and half is lower.
$203 $211 $223 $218 $221 $206 $206 $202 $195 $193 $182 $180 $243 $246 $273 $265 $269 $270 $267 $267 $258 $256 $256 $240 $150 $175 $200 $225 $250 $275 $300 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Jan '23 Re-Sale New Spokane County Market Report | January 2023 6
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TheinformationinthisreportiscompiledfromareportgivenbytheSpokaneAssociationofREALTORS®andtothebestofourknowledgeisaccurateandcurrent.
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