Spokane Association of Realtor's Aug. 2009 Statistics:

For the first time since April 2007, going back over 2-1/2 years, we have exceeded the number of sales from the month the previous year. August 2009 sales totaled 488 compared to 475 in August 2008. The average sales price for August was $189,711 while the median sales price was $169,975.

Year-to-date sales through August total 2,884. This is down 16.8% compared to last year when 3,466 sales were reported on a year-to-date basis. The average sales price through August was $193,307 compared to the average sales price through August last year which was $208,353. The median sales price through August was $173,750 compared to $185,400. These sales price figures are down 7.2% and 6.3% respectively

The inventory as of this report stands at 3,466 which is virtually the same as last year. New home sales total 355 through August down 35.1% from last year through August when new home sales totaled 547.

Posted by: BethAnn Long of Tomlinson South Inc. 509-362-4607

www.BethAnnHomes.com