JULY 2019
AVERAGE PRICE UP 15.2%
2016closed price 2017 for July 2018 The average 2019 was2019 $298,337 compared to July 2018 71 55 when the average price57was $259,059. (Does not48 represent home values)
JAN
62 55 50 44 59 53 45 40 MEDIAN53PRICE UP 14.9% 45 35 36 The median53 closed price for July 2019 was $270,000 compared to July 2018 39 30 31 when the median price35was $235,000. (Does not28 represent home values) 52 31 53 37 35 31 54 43 33 SALES DOWN 5.5% 44 35 on less than one acre including condos Closed sales55of single family homes 56total 85042 for July 2019 compared 36 to July 2018 when the total was 899. 59 45 39 60 49 44
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV
INVENTORY DOWN 2.7%
DEC
Current inventory, as of this report totals 1,428 properties which represents a 1.7 months supply. (Months supply based on closed sales for July.)
DAYS ON MARKET JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
2016
71
62
59
53
53
52
53
54
55
56
59
60
2017
57
55
53
45
39
35
37
43
44
42
45
49
2018
55
50
45
35
30
31
35
33
35
36
39
44
2019
48
44
40
36
31
28
31
Information comes from the SAR’s Monthly Activity Report which looks at single family residential/site built properties on less than one acre and condominiums.
1878
DEC
1491
1156
1010
798
2016 2017 352 378 339 335 MAY JUN 495 555 2745 2811 585 525 2423 2466 702 770 2081 7922044 944 1871 7511686 806 1389 1422 821 903 1355 7811219 743 665 803 2014 2015 2016 608 705 664 628
2018 464 403 JUL 602 2918608 2493758 2114917 1977896 1466896 1428737 680 2017 2018 655 588
SPOKANE RESIDENTIAL LISTINGS 3500 3000 2500 2000 1500 1000 JAN 500 FEB 0 MAR APR2014
MAY2015 JUN2016 JUL 2017 AUG2018 SEP2019
JAN 2098 1907 1543 1153 946 841
OCT NOV DEC
2014 283 288 FEB 384 2104 439 2093 551 1685 601 1094 626 924 609 769 504 562 455 507
2015 343 325 MAR 494 2270 554 2162 647 2162 766 1268 755 1018 694 894 657 591 437 597
APR 2523 2307 1934 1457 1165 1083
AUG 2835 2400 2035 2014 1460
2019 365 401 459 SEP 569 2712 681 2293 764 1898 850 1918 1451
OCT
NOV
DEC
2501
2236
1878
2073
1866
1491
1709
1390
1156
1709
1360
1010
1333
1052
798
OCT
NOV
DEC
562
455
507
591
437
597
665
608
664
803
705
628
680
655
588
2019
SPOKANE RESIDENTIAL CLOSED SALES
1000 900 800 700 600 500 400 300 JAN200 100 FEB 0 MAR 2014 APR 2015 MAY 2016 JUN 2017 JUL 2018 AUG 2019 SEP
JAN 283 343 352 378 464 365
OCT NOV DEC
2014 13% 14% FEB 17% 288 17% 325 20% 339 21% 335 21% 403 21% 401 19% 22% 20% 27%
2015 18% MAR 384 494 495 555 602 459
16%
23% APR 24% 439 27% 554 31% 585 30% 525 29% 608 29% 569 29% 23% 40%
2016 2017 2018 23% 32% 49% 20% 31% 44% MAY JUN JUL 23% 43% 59% AUG 551 601 626 30% 36% 52% 609 766 755 34%647 45% 55% 694 702 792 751 38% 50% 64% 821 944 806 36%770 41% 61% 903 758 917 896 40% 45% 61% 896 764 850 51% 41%681 39% 39% 47% 2017 2018 51% 2019 2014 2015 2016 44% 52% 62% 57% 63% 74%
2019 43% 52% 51%SEP 52%504 56%657 57%781 60%743 737
SPOKANE ODDS OF SELLING 80% 70% 60% 50% 40% 30% 20% 10% 0%
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
2014
13%
14%
17%
17%
20%
21%
21%
21%
19%
22%
20%
27%
2015
18%
16%
23%
24%
27%
31%
30%
29%
29%
29%
23%
40%
2016
23%
20%
23%
30%
34%
38%
36%
40%
41%
39%
44%
57%
2017
32%
31%
43%
36%
45%
50%
41%
45%
39%
47%
52%
63%
2018
49%
44%
59%
52%
55%
64%
61%
61%
51%
51%
62%
74%
2019
43%
52%
51%
52%
56%
57%
60%
2014
2015
2016
2017
2018
2019
187,324
DEC
195,690
209,646
233,302
243,635
SPOKANE AVERAGE SALES PRICE 350,000 300,000 250,000 200,000 150,000 100,000 JAN 50,000 FEB 0 MAR
JAN
APR 2014
164,680
MAY 2015
176,475
JUN 2016
191,266
JUL 2017 AUG 2018
206,351
SEP 2019
255,850
OCT
224,091
NOV DEC
2014 152,000 157,750 163,950 FEB 169,296 175,476 164,000 187,343 172,000 200,245 169,800 205,077 177,160 231,497 175,050 260,469 169,900 165,500 164,900
2015 160,000 173,000 169,900 MAR 170,000 182,040 175,000 182,738 183,500 204,562 190,000 220,9 84 185,000 237,544 183,000 270,190 180,000 176,500 176,000
2016 2017 2018 2019 175,000 195,000 208,500 235,000 185,000 185,000 210,200 239,900 219,000 245,800 SEP APR187,500MAY 204,900 JUN JUL AUG 231,097 254,950192,109 182,9 191,500 45 182,335 201,900 190,142 186,795 198,140 200,000192,400 208,250 240,000 262,550200,220 190,578 204,483 211,837 203,532 196,975218,542 217,000 246,250 265,000215,557 205,801 217,604 222,321 215,382 208,000 217,000 235,000 270,000236,325 224,351 227,530 233,756 235,241 234,671 199,900265,057 218,000 247,500 254,594 268,828 259 ,300 260,812 259 ,472 201,000 215,000 235,000 273,576 281,189 289 ,308 298,337 198,000 209,900 240,000 2014 2015 2016 2017 2018 2019 192,750 209,950 240,000 191,215 215,000 222,750
OCT
NOV
DEC
191,360
183,029
187,324
201,766
201,817
195,690
216,344
206,837
209 ,646
227,733
231,512
233,302
264,224
264,046
243,635
SPOKANE MEDIAN SALES PRICE 300,000 250,000 200,000 150,000 100,000 50,000 0
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
2014
152,000
157,750
163,9 50
169,296
164,000
172,000
169 ,800
177,160
175,050
169 ,9 00
165,500
164,9 00
2015
160,000
173,000
169 ,9 00
170,000
175,000
183,500
190,000
185,000
183,000
180,000
176,500
176,000
2016
175,000
185,000
187,500
191,500
200,000
196,975
208,000
199 ,9 00
201,000
198,000
192,750
191,215
2017
195,000
185,000
204,9 00
201,9 00
208,250
217,000
217,000
218,000
215,000
209 ,9 00
209 ,9 50
215,000
2018
208,500
210,200
219 ,000
231,097
240,000
246,250
235,000
247,500
235,000
240,000
240,000
222,750
2019
235,000
239 ,9 00
245,800
254,9 50
262,550
265,000
270,000
2014
2015
2016
2017
2018
2019
ANNUAL APPRECIATION/DEPRECIATION 20.00% 15.00% 10.00% 5.00% 0.00% -5.00% -10.00%
2001 Percent 2.33%
2002
2003
2004
2005
2006
2007
2008
2009
2012
2013
2014
2015
2016
2017
1.36%
7.53%
7.59% 16.28% 16.67% 5.97% -0.76% -8.20% -3.30% -5.10% 3.30%
2.90%
2%
7.10%
8.40%
7.70% 11.90%
Percent
2010
2011
2018
ANNUAL RESIDENTIAL LISTINGS AND CLOSED SALES
18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0
2009
2010
2011
2012
2013
2014
Listings 9,848 10,242 10,588 10,856 11,879 13,675 15,559 12,833 9,782
2001
9,919
8,701
8,507
9,642
9,954 10,303 10,594 11,150 10,193
Sold
4,249
4,020
4,533
5,510
5,820
6,863
7,571
8,137
8,212
2012
2013
2014
2015
2016
2017
2018
5,898
2002 6,243
2003 7,218
2004 7,758
2005 8,373
2006 7,792
2007 6,935
2008 4,911
4,664
Listings
2015
2016
2017
2018
Sold
ANNUAL AVERAGE AND MEDIAN SALES PRICE 300,000 250,000 200,000 150,000 100,000 50,000 0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Av erage 121,920 127,973 132,273 147,006 172,413 197,384 211,872 206,291 187,585 183,483 167,665 177,272 182,682 186,275 197,593 212,144 228,732 255,931 Median 110,000 111,500 119,900 129,000 150,000 175,000 185,400 184,000 169,000 163,400 154,900 160,000 164,697 168,000 179,900 195,000 210,000 235,000 Av erage
Median
ANNUAL AVERAGE INTEREST RATES FOR 30-YEAR FIXED MORTGAGE 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Per cent 7.30%
7.17%
6.05%
5.88%
5.80%
6.28%
6.46%
5.50%
5.50%
4.69%
4.42%
3.63%
3.98%
3.87%
4.17%
4.16%
3.99%
4.58%
Per cent
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