October 2021
Mortgage rates continue to climb as home sales and home prices begin to slow. Average Sales Price
Current Listing Inventory
Average Days On Market
$403,221
493
5
Up 16.5%
Up 21.3%
Down 68.8%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$373,000
666
6,779
Up 16.6%
Down 17.6%
Up 1.1%
October 2021, as compared to October 2020. Information pulled on 11/01/2021 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.
2
Spokane County Market Report | October 2021
Average Days On Market For the month of October 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
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 $320K $240K
$175
$182
$186
$198
2012
2013
2014
2015
$213
$228
2016
2017
$256
$318
$284
$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%
2.81%
2.71%
2.67%
Nov '20
De c '20
2.70%
3.14% 2.98%
2.97%
2.95%
3.01%
2.98% 2.80%
2.73%
2.87%
2.50% Oct '20
Jan '21
Feb '21
Mar '21
Apr '21
May '21 June '21 July '21
Aug '21
Sep '21
Oct '21
Spokane County Market Report | October 2021
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Active Residential Listings As of 11/1/2021, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
163
136
265
236
229
418
408
575
493
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 11/1/2021
200
2020
2021
$800K-$1M 7%
160
80 40
106
104
120 45
37 12
25
56 62 36
58
74 67 49
68 45
68 51
56
$600K-$800K 15%
62 37
50
40
+ $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
Spokane County Market Report | October 2021
$150-200K 2%
200K-$250K 5% $250K-300K 9% $300K-$350K 7%
51 $350K-$400K 10%
15
0
4
$1M+ 0-$150K 2% 8%
$500K-$600K 15% $450K-$500K 10%
$400K-$450K 10%
Residential Closed Sales For the month of of October 2021, month/year comparison
2017
1000
2018
2019
2020
2021
732 750 567 442
500
717
636
558
765
710
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 October
200
178
160
126
117
120 59 37
23
$350K-$400K 16%
2021
$400K-$450K 13%
$450K-$500K 8%
128 126
100
80 40
2020
177
90
106 86 51
50
66 65
19
$300K-$350K 15%
83
$500K-$600K 11%
56 8
22
10 10 $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
200K-$250K 6% $150-200K 2%
0-$150K 3%
$600K-$800K 10% $800K-$1M 3%
Annual Residential Sales Year-to-date as of October 8000 7000
7010
2017
2018
6607
6704
6779
2019
2020
2021
5874
6000 5000 4000
6821 6314
4718
4871
2013
2014
3711
3000 2012
2015
2016
Spokane County Market Report | October 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of October
New
7500
Re-Sa le
6000 4500 3000 1500 0
5298
5618
6192
6300
5865
5830
5944
4130
4337
403
588
534
576
696
629
710
742
874
836
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
3368
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of October
$500K
Re-Sa le
$457
New
$400K $300K $200K
$168
$219
$203
$189
$176
$172
$291
$282
$270
$254
$241
$391
$308
$272
$245
$386
$375
$354
$322
$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
$152
$154
Nov '20
De c '20
$189 $157
$165
$172
$177
$232
$227
$213
$210
$206
$194
$189
New
$188
$216 $199
$195
$240
$230
$228 $197
$193
Aug '21
Sep '21
$196
$140 $100
6
Jan '21
Spokane County Market Report | October 2021
Feb '21
Mar '21
Apr '21
May '21
June '21
July '21
Oct '21
Annual New Construction Sales Year-to-date as of October
950 874 836
850 742
750
710
696 629
650
550
450
350
250 2016
2017
2018
2019
2020
2021
Comparison New Construction Sales YTD year-over-year comparison as of October
2020
480
2021 428
400 329 320 245 240
160
167
157 128 91
80
70
0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | October 2021
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