June 2021
Inventory lows continue to drive increasingly high demand and high prices. Average Sales Price
Current Listing Inventory
Average Days On Market
$415,005
265
6
Up 33.6%
Down 51.2%
Down 57.1%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$380,000
717
3,550
Up 28.8%
Up 3.5%
Up 6.4%
June 2021, as compared to June 2020. Information pulled on 07/01/2021 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.
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Spokane County Market Report | June 2021
Average Days On Market For the month of June 2021, month/year comparison 80
2017
2018
2019
2020
2021
70 60 50 40 30 20
17
13
10
7
10
7
6
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Annual Average Sales Price Year-to-date as of June $386
$400K $320K $240K $169
$180
$182
$192
2012
2013
2014
2015
$209
$223
2016
2017
$252
$301
$276
$160K $80K $0K 2018
2019
2020
2021
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.90% 3.70% 3.50% 3.30% 3.10%
3.18%
3.15% 2.99%
2.91%
2.90%
2.88%
2.98%
2.97% 2.81%
2.71%
2.67%
Nov '20
De c '20
2.70%
2.95%
2.98%
2.73%
2.50% June '20 July '20
Aug '20
Sep '20
Oct '20
Jan '21
Feb '21
Mar '21
Apr '21
May '21 June '21
Spokane County Market Report | June 2021
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Active Residential Listings As of 7/1/2021, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
265
236
229
163
136
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 7/1/2021
200
2020
2021
160
126
120
98
84
80
53
39
40
32 8
32 12
22
83 43
33
34
40
$150-200K 3%
200K-$250K 6% $250K-300K 9% $300K-$350K 4%
50 $350K-$400K 11%
17
$6 00 K+
$1 50 -2 00 K 20 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 K $3 50 K$4 00 K $4 00 K$4 50 K $4 50 K$5 00 K $5 00 K$6 00 K
0$1 50 K
Spokane County Market Report | June 2021
$600K+ 33%
93
81
0
4
0-$150K 2%
161
$500K-$600K 13%
$400K-$450K 9% $450K-$500K 10%
Residential Closed Sales For the month of of June 2021, month/year comparison
2017
1000
2018
750 567 442
500
2019
2021
717
636
558
2020
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 June
180
160
151
136
150 115
120
30
99 85
90 60
2020
151 104
98
52
45 19
44
60 66 43
22
$450K-$500K 10%
$500K-$600K 10%
85
77
64
$400K-$450K 12%
$350K-$400K 17%
2021
$300K-$350K 14%
33 19
15
4 +
$250K-300K 12%
$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 8%
$800K-$1M 4%
200K-$250K 6% $150-200K 0-$150K 3% 2%
Annual Residential Sales Year-to-date as of June
4000 3400 2800 2200
2490
2562
2013
2014
3150
3274
2015
2016
3541
3772 3256
3338
2019
2020
3550
2050
1600 1000 2012
2017
2018
2021
Spokane County Market Report | June 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of June
New
4000
Re-Sa le
3200 2400 1600 800 0
2887
3208
3365
2826
2879
2882
3062
2152
2260
207
338
302
324
387
333
407
377
456
490
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
1843
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of June
$500K
Re-Sa le
New
$440
$400K $300K $200K
$162
$214
$198
$182
$170
$169
$287
$279
$268
$248
$235
$290
$264
$240
$372
$371
$349
$318
$377
$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
$227
New
$220
$206
$195
$189
$189
$181
$194
$189
$180 $149
$155
$155
Aug '20
Sep '20
$155
$152
$154
Nov '20
De c '20
$189 $157
$165
$172
$216
$213
$210 $177
$188
$199
$140
$100 July '20
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Spokane County Market Report | June 2021
Oct '20
Jan '21
Feb '21
Mar '21
Apr '21
May '21
June '21
Annual New Construction Sales Year-to-date as of June
550 490 456
475 407 400
387
377 333
325
250
175
100 2016
2017
2018
2019
2020
2021
Comparison New Construction Sales YTD year-over-year comparison as of June
2020
240
2021 216 199
200
160
120
139
98 83
80
65 53
54
40
0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | June 2021
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