Spokane Wa Real Estate Market Report April 2010

By
Real Estate Agent with RE/MAX Inland Empire 77217

Reported by the Spokane Association of Realtors:
The trend continues! For the seventh consecutive month closed residential sales have exceeded sales from the same month a year ago. 505 residential sales were reported closed in April, up 53% from April 2009. Sales for
April compared to last month are up 25.3%. The average sales price was $179,874 and the median sales price was $163,000.
Year to date residential sales of single family homes on less than one acre and condos are up 33.3% over last year. The average sales price so far this year is $178,385 down 10.4% compared to last year and the median sales price so far this year is $160,000 down 8.4%.
Inventory climbed slightly and, as of this report, totals 3,414, up 2.4% over last month. New construction sales increased significantly over last month with 63 sales reported, up 75% over last month.

My personal comments:

Last year at this time we had 2997 residential listings. At the date of this recent report, we have 3414. A key thing to keep in mind is the SUPPLY AND DEMAND. Currently, the absorption rate for most price ranges is not in favor of sellers. What does this mean? You have to be not only competitively priced to sell your home, but compelling in every way- including price and condition.

For a detailed market report, e-mail me at bethann@tb.com and I am happy to send you the Market Trends!

www.SpokaneRealEstateVoice.com  : my blog!

www.BethAnnHomes.com  my website!

There is no place like Spokane!

Posted by

BethAnn Long, REALTOR, CRS, e-PRO

RE/MAX Inland Empire

509-362-4607 ( cell )

e mail : bethannlong@gmail.com

 

Spokane Homes for Sale :

my website www.BethAnnHomes.com search the Spokane MLS here!

 "BethAnn in Spokane" 

 

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Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

April was a fantastic month in our office but May is really slipping back sharply BethAnn...

May 12, 2010 05:45 AM #1
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Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

It looks like, in general, Spokane and Coeur d'Alene are performing about the same in all respects.  It will be interesting to see how things go beyond June when the last of the tax credit sales close....

May 12, 2010 07:46 AM #2
Rainmaker
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BethAnn Long
RE/MAX Inland Empire - Spokane, WA
Realtor, CRS, e-PRO, Spokane Wa Real Estate

Yes, It will be very interesting!

May 12, 2010 09:42 AM #3
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BethAnn Long

Realtor, CRS, e-PRO, Spokane Wa Real Estate
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