MARCH 2019
AVERAGE 2016 PRICE 2017UP 14.1% 2018 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2019
The average71 closed price $270,190 compared to March 57 for March 552019 was48 2018 when the average55 price was 50 $236,851. (Does not represent home values) 62 44
59 53 45 40 45 12.2% 35 MEDIAN53PRICE UP 39for March302019 was $245,800 compared to March The median 53 closed price 52 median 35 31 (Does not represent home values) 2018 when the price was $219,000. 53 37 35 54 43 33 SALES DOWN 24.4% 44 35on less than one acre including condos Closed sales 55 of single family homes 56 total 459 42 compared 36to March 2018 when the total was 607. for March 2019 59 45 39 60 49 44
INVENTORY DOWN 12.2%
Current inventory, as of this report totals 894 properties which represents a 1.9 months supply. (Months supply based on closed sales for March.)
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
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.
DEC
1878
1491
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
2014 13% 14% FEB 17% 288 17% 325 20% 339 21% 335 21% 403 21% 401 19% 22% 20% 27%
2015 18%
1156
SPOKANE RESIDENTIAL LISTINGS
3500 3000 2500 2000 1500 1000 JAN500 FEB 0
MAR 2014 APR 2015 MAY 2016 JUN 2017 JUL 2018 AUG 2019 SEP
JAN 2098 1907 1543 1153 946 841
OCT NOV DEC
APR 2523 2307 1934 1457 1165
1010
2016 2017 352 378 339 335 MAY JUN 495 555 2745 2811 585 525 2423 2466 702 770 2044 2081 792 944 1686 1871 751 806 1389 1422 821 903 781 743 665 803 2014 2015 2016 608 705 664 628
2018 2019 464 365 403 401 JUL AUG SEP 602 459 2918 2835 2712 608 2493 2400 2293 758 2114 2035 1898 917 1977 2014 1918 896 1466 1460 1451 896 737 680 2019 2017 2018 655 588
2016 2017 23% 32% 20% 31% JUN 23%MAY 43% 551 601 30% 36% 647 766 34% 45% 792 38%702 50% 944 36%770 41% 917 40%758 45% 41% 39% 39% 47% 2014 2015 2016 44% 52% 57% 63%
2018 2019 49% 43% 44% 52% JUL 59% AUG 51% SEP 626 52% 609 504 755 55% 694 657 751 64% 821 781 806 61% 903 743 896 61% 896 737 51% 51% 2017 2018 2019 62% 74%
SPOKANE RESIDENTIAL CLOSED SALES
1000 900 800 700 600 500 400 300 JAN 200 FEB 100 0 MAR APR 2014
MAY2015
JUN 2016 JUL 2017
AUG2018 SEP 2019
JAN 283 343 352 378 464 365
OCT NOV DEC
16%
MAR 23%
APR
494
554
384
495 555 602 459
24% 27% 31% 30% 29% 29% 29% 23% 40%
439 585 525 608
SPOKANE ODDS OF SELLING 80% 70% 60% 50% 40% 30% 20% 10% 0%
798
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
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%
52%
55%
64%
61%
61%
51%
51%
62%
74%
2018
49%
44%
59%
2019
43%
52%
51% 2014
2015
2016
2017
2018
2019
NOV DEC
183,029 187,324
201,817 195,690
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 170,000 182,040 175,000 182,738 183,500 204,562 190,000 220,984 185,000 237,544 183,000 270,190 180,000 176,500 176,000
SPOKANE AVERAGE SALES PRICE
206,837 209,646
231,512 233,302
264,046 243,635
300,000 250,000 200,000 150,000 100,000 JAN 50,000 FEB 0 MAR
APR 2014 MAY 2015
JUN 2016 JUL 2017
AUG 2018
SEP 2019 OCT
JAN 164,680 176,475 191,266 206,351 224,091 255,850
NOV DEC
SPOKANE MEDIAN SALES PRICE
2016 2017 2018 2019 175,000 195,000 208,500 235,000 185,000 185,000 210,200 239,900 187,500 204,900 219,000 245,800 SEP APR MAY JUN JUL AUG 191,500182,335 201,900 231,097 182,945 190,142 186,795 198,140 192,109 200,000 208,250 240,000 190,578 192,400 204,483 211,837 203,532 200,220 196,975 217,000 246,250 205,801 218,542 217,604 222,321 215,382 215,557 208,000227,530 217,000 235,000 224,351 233,756 235,241 234,671 236,325 199,900 218,000 247,500 254,594 265,057 268,828 259,300 260,812 259,472 201,000 215,000 235,000 198,000 209,900 240,000 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
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
163,950
169,296
164,000
172,000
169,800
177,160
175,050
169,900
165,500
164,900
2015
160,000
173,000
169,900
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
199,900
201,000
198,000
192,750
191,215
2017
195,000
185,000
204,900
201,900
208,250
217,000
217,000
218,000
215,000
209,900
209,950
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
239,900
245,800 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
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%
2005
2006
2007
2008
2009
2.90%
2%
7.10%
8.40%
7.70% 11.90%
Percent
2010
2011
2018
00%
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
2011
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
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
00%
00%
00%
00%
00%
00%
00%
00%
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
r 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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