Months Supply of Inventory
As of 4/1/2024 . By month dating from January 2020 to March 2024. 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 4/1/2024 . By month dating from January 2020 to March 2024. Sale - to - 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, March 28, 2024.
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 2.3 2 2.3 2.7 2.9 2.1 2.9 2.2 1.8 0 0.4 0.8 1.2 1.6 2 2.4 2.8 3.2 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 2023-07 2023-10 2024-01
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% 99.8% 99.1% 98.7% 99.6% 98.0% 99.0% 100.0% 101.0% 102.0% 103.0% 104.0% 105.0% 106.0% 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 2023-07 2023-10 2024-01 Spokane County Market Report | March 2024 3
6.32% 6.43% 6.79% 6.71% 6.81% 7.18% 7.31% 7.79% 7.22% 6.61% 6.63% 6.94% 6.79% 6.00% 6.25% 6.50% 6.75% 7.00% 7.25% 7.50% 7.75% 8.00% Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24
Active Residential Listings
As of 4 /1/2024. By month dating from January 2020 to March 2024. 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 $1M+
New Residential Listings
As of 4/1/2024 . By month dating from January 2020 to March 2024.
Spokane County Market Report | March 2024 4
As of 4/1/2024 583 709 677 521 225 276 500 563 224 412 1008 1048 566 658 1,014 1096 703 737 0 200 400 600 800 1000 1200 1400 1600 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 2023-07 2023-10 2024-01 1 2 12 22 27 52 70 89 111 133 45 53 50 18 23 41 56 105 87 93 120 164 70 100 0 25 50 75 100 125 150 175
2023 2024 0-$150K 5% $150-200K 2% 200K-$250K 3% $250K-300K 4% $300K-$350K 6% $350K-$400K 11% $400K-$450K 9% $450K-$500K 10% $500K-$600K 13% $600K-$800K 18% $800K-$1M 8% $1M+ 11%
New Listings is the number of properties listed regardless of current status 638 686 1001 805 509 782 981 789 483 861 1001 658 517 748 798 643 631 664 200 400 600 800 1000 1200 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 2023-07 2023-10 2024-01
Residential Closed Sales
Sold
Spokane County Market Report | March 2024 5
As of 4/1/2024 . By month dating from January 2020 to March 2024. Closed Sales is the number of properties sold. 458 548 928 870 465 654 849 732 432 607 604 456 250 377 444 402 245 417 200 300 400 500 600 700 800 900 1000 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 2023-042023-07 2023-10 2024-01 Annual Residential Closed Sales Year - to - date as of March. Closed Sales is the number of properties sold. 1237 1499 1511 1383 1106 1055 1000 1100 1200 1300 1400 1500 1600 2019 2020 2021 2022 2023 2024 2 5 20 43 70 75 94 79 92 77 25 9 18 8 13 25 56 72 84 45 76 59 15 3 0 20 40 60 80 100 0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2023 2024 0-$150K 4% $150-200K 2% 200K-$250K 3% $250K-300K 5% $300K-$350K 12% $350K-$400K 15% $400K-$450K 18% $450K-$500K 9% $500K-$600K 16% $600K-$800K 12% $800K-$1M 3%
Price
Year - over - year comparison for the month of March.
Listings By
Range
Annual Median
Median Price Per Square Foot
As of 4/1/2024 . Monthly Re - Sale vs New Construction comparison. Price per Square Foot is the mid - point (median) PPSF of all closed
Price
155 255 266 200 183 227 1082 1244 1245 1183 923 828 0 200 400 600 800 1000 1200 1400 1600 2019 2020 2021 2022 2023 2024 New Re-Sale
Year - to - date Re - Sale vs New Construction
Closed Sales is the number of properties sold.
Annual Residential Closed Sales
as of March.
Sales Price is the mid - point (median) value where the price
closed sales
higher
$230 $260 $311 $385 $360 $390 $363 $334 $390 $496 $510 $459 $150K $200K $250K $300K $350K $400K $450K $500K $550K 2019 2020 2021 2022 2023 2024 Re-Sale New
Sales
Year - to - date Re - Sale vs New Construction as of March.
for half of the
is
and half is lower.
listings. $203 $209 $205 $209 $203 $202 $194 $200 $195 $185 $193 $199 $244 $267 $259 $266 $257 $260 $254 $235 $248 $242 $238 $263 $150 $175 $200 $225 $250 $275 $300 Apr '23 May '23 June '23 July '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24
Spokane County Market Report | March 2024 6
Re-Sale New
cbspokane.com
TheinformationinthisreportiscompiledfromareportgivenbytheSpokaneAssociationofREALTORS®andtothebestofourknowledgeisaccurateandcurrent.
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