November 2021
Housing demand persists in the market as sales and home prices begin to slow. Average Sales Price
Current Listing Inventory
Average Days On Market
$398,613
364
13
Up 18.6%
Up 24.7%
Down 31.6%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$378,000
661
7,498
Up 22.1%
Down 4.5%
Up 1.1%
November 2021, as compared to November 2020. Information pulled on 12/01/2021 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 | November 2021
Average Days On Market For the month of November 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
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 October
$399 $400K $320 $320K $240K
$176
$183
$186
$198
2012
2013
2014
2015
$212
$229
2016
2017
$257
$283
$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%
2.98%
2.97% 2.71%
2.67%
Nov '20
De c '20
2.70%
2.95%
2.80%
2.73%
3.14%
3.10%
Oct '21
Nov '21
3.01%
2.98%
2.87%
2.50% Jan '21
Feb '21
Mar '21
Apr '21
May '21 June '21 July '21
Aug '21
Sep '21
Spokane County Market Report | November 2021
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Active Residential Listings As of 12/1/2021, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
163
136
265
236
229
418
408
575
493
364
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 12/1/2021
120
2020
2021
$800K-$1M 7% 70
80 55 42 32
40 16
22
19 8
27
42 24
24
21
67
$600K-$800K 14%
51
49 30
33
29
34 20
25
+
$500K-$600K 14%
$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
200K-$250K 4% $250K-300K 8% $300K-$350K 9%
$350K-$400K 11%
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Spokane County Market Report | November 2021
$150-200K 2%
42
0
4
$1M+ 0-$150K 2% 9%
$450K-$500K 10%
$400K-$450K 10%
Residential Closed Sales For the month of of November 2021, month/year comparison
2017
1000
2018
2019
2020
2021
732 750 567 442
500
717
636
558
765
710
661
666
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 November
200 145
160
40
16
$400K-$450K 11%
$450K-$500K 9%
136 92
97
87
59
55
43
$350K-$400K 17%
2021
117
107
120 80
2020
162
55
85
71 51
52
28
$300K-$350K 12%
71
$500K-$600K 11%
39 13
22 4
12 $250K-300K 12%
$600K-$800K 9%
+ $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
200K-$250K $150-200K 8% 4%
0-$150K 2%
$800K-$1M 3%
Annual Residential Sales Year-to-date as of November
8000 7000
7670
2017
2018
7232
7419
7498
2019
2020
2021
6312
6000 5090 5000
7526 6926
5335
4159
4000 3000 2012
2013
2014
2015
2016
Spokane County Market Report | November 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of November
New
9000
Re-Sa le
7500 6000 4500 3000
5683
6162
6828
6889
6404
6432
6611
4465
4743
465
625
592
629
764
698
781
828
987
893
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
3694
1500 0
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of November
$500K
Re-Sa le
$461
New
$400K $300K $200K
$168
$219
$203
$189
$176
$173
$291
$281
$271
$256
$243
$390
$310
$271
$246
$388
$373
$353
$325
$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 $220 $180
$189 $157
$165
$172
$177
$232
$227
$213
$210
$206
$194 $154
New
$188
$216 $199
$195
$197
$193
Aug '21
Sep '21
$250
$240
$230
$228
$196
$189
$140 $100 De c '20
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Jan '21
Feb '21
Spokane County Market Report | November 2021
Mar '21
Apr '21
May '21
June '21
July '21
Oct '21
Nov '21
Annual New Construction Sales Year-to-date as of November
1050 987 950 893 828
850 781
764 750 698 650
550
450 2016
2017
2018
2019
2020
2021
Comparison New Construction Sales YTD year-over-year comparison as of November
2020
480
485
2021
400 353 320 259 240 190
171 160
138 101 75
80
0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | November 2021
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