2023 county Spokane MarketReport MonthlyMarketReportforSpokaneCounty June 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 7/3/2023 . By month dating from January 2019 to June 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 Jun e
Sales Price is the mid - point (median) value where the price for half of the closed sales is higher and half is lower.
$230 $255 $281 $353 $425 $407 $200K $250K $300K $350K $400K $450K 2018 2019 2020 2021 2022 2023 Average Sales Price Current Listing Inventory Median Days On Market $462,553 Up 4. 3 % from prior month Down 3. 4 % from prior year Median Sales Price $ 424,950 Up 2. 4 % from prior month Down 3. 4 % from prior year 937 Up 18. 3 % from prior month Up 9. 5 % from
year 56 4 Down 0. 4 % from prior month Down 26.4% from
year Residential Closed Sales 8 Up 14.3 % from prior month Up 33. 3 % from prior year
Down 22.1% from prior year Annual Residential Closed Sales Spokane County Market Report | December 2022 2 Information pulled on 07/03/2023
prior
prior
2,676
Median
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 9 7 6 7 8 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 2023-04
Spokane County Market Report | June 2023 2
Months Supply of Inventory
As of 7/3/2023 . By month dating from January 2019 to Jun e 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 7/3/2023 . By month dating from January 2019 to June 2023. Sale -
- List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.
Monthly Mortgage Rates
Monthly 30 - year fixed mortgage rates highlighting the week ending Thursday, June 2 9 , 2023.
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 2 1.3 1.7 1.5 1.7 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 2023-04
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% 99.8% 100.5% 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 2023-04 Spokane County Market Report | June 2023 3
to
5.70% 5.30% 5.66% 6.70% 7.08% 6.49% 6.42% 6.13% 6.50% 6.32% 6.43% 6.79% 6.71% 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% June '22 July '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23
Active Residential Listings
As of 7/3/2023 . By month dating from January 2019 to June 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 7/3/2023 . By month dating from January 2019 to June 2023. New Listings is the number of properties listed regardless of current status.
Spokane County Market Report | June 2023 4
As of 7/3/2023 838 1090 1437 1053 583 709 677 521 225 276 500 563 224 412 1008 1048 566 658 937 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 2023-04 41 13 27 44 86 94 87 120 165 188 98 92 32 28 33 54 71 114 110 123 171 220 105 125 0 30 60 90 120 150 180 210 240
$1M+ 2022 2023 0-$150K 3% $150-200K 2% 200K-$250K 3% $250K-300K 5% $300K-$350K 6% $350K-$400K 10% $400K-$450K 9% $450K-$500K 10% $500K-$600K 14% $600K-$800K 19% $800K-$1M 9% $1M+ 10%
614 976 1055 819 638 686 1001 805 509 782 981 789 483 861 1001 658 517 748 883 200 400 600 800 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 2023-04
Residential
Closed Sales
As of 7/3/2023 . By month dating from January 2019 to Jun e 2023.
of
Sold Listings By Price Range
Year - over - year comparison for the month of Jun e
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 | June 2023 5
Closed Sales
number
properties
368 574 860 851 458 548 928 870 465 654 849 732 432 607 604 456 250 452 377 496 200 300 400 500 600 700 800 900 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 2023-04
is the
sold.
Year - to - date as of Jun e Closed Sales is the number of properties sold. 2880 2510 2584 2878 2670 2024 1800 2000 2200 2400 2600 2800 3000 2018 2019 2020 2021 2022 2023 13 14 27 69 64 100 111 77 128 118 41 28 20 10 25 53 62 87 102 73 87 75 33 15 0 20 40 60 80 100 120 140
$1M+ 2022 2023 0-$150K 3% $150-200K 2% 200K-$250K 4% $250K-300K 8% $300K-$350K 10% $350K-$400K 13% $400K-$450K 16% $450K-$500K 11% $500K-$600K 14% $600K-$800K 12% $800K-$1M 5%
Annual Median Sales Price
Median Price Per Square Foot
408 376 460 516 436 428 3406 2910 2906 3167 3000 2248 0 500 1000 1500 2000 2500 3000 3500 4000 2018 2019 2020 2021 2022 2023 New Re-Sale
Sales Year - to - date Re - Sale vs New Construction as of Jun e Closed Sales is the number of properties sold.
Year - to - date Re - Sale vs New Construction as of Jun e Sales Price is the mid - point (median) value where the price for half of the closed sales is higher and half is lower. $220 $243 $270 $344 $410 $388 $325 $350 $349 $420 $499 $480 $150K $200K $250K $300K $350K $400K $450K $500K $550K 2018 2019 2020 2021 2022 2023 Re-Sale New
Annual Residential Closed
7/3/2023
Monthly Re - Sale vs New Construction comparison.
Square Foot
mid
point
PPSF
$206 $206 $202 $195 $193 $182 $181 $190 $197 $203 $209 $204 $270 $267 $267 $258 $256 $256 $241 $266 $250 $243 $265 $259 $150 $175 $200 $225 $250 $275 $300 July '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 Re-Sale New Spokane County Market Report | June 2023 6
As of
.
Price per
is the
-
(median)
of all closed listings.
Exciting updates to our First Time Homebuyer Loan Programs
Ø Lowered credit score requirements to 700
Ø Student loan debt calculated more favorably
Ø Still no mortgage insurance
Ø Still up to 100% financing (w/min $1000 and reserves)
Even Non-First Time Homebuyers can participate in this program with 5% down and minimum credit score of 720
cbspokane.com
TheinformationinthisreportiscompiledfromareportgivenbytheSpokaneAssociationofREALTORS®andtothebestofourknowledgeisaccurateandcurrent.
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