September 2015 Spokane Real Estate Market Activity – Good News!

Real Estate Agent with Five Star Spokane Group, Keller Williams Realty 2994

Closed sales of single family homes on less than one acre including condos totaled 657 in September. This is the highest number of closed sales for a September in eight years. Compared to last year, sales for the month of September were up 29.6%, 507 closed sales were reported in September 2014.

The average sales price for September was $200,220 up 4.2% over September 2014 when the average sales price was $192,101. The median price was up 4.5%, $183,000 v. $175,100.

Year to date through September 2015, closed sales are up 21.8%, 5,237 v. 4,298. The year to date average sales price is $196,983 up 6.1% over the same period last year when the average sales price was $185,739. The year to date median sales price is up 6.8%, $180,000 v. $168,500.

Inventory continues to be tight with 2,293 homes on the market as of this report. This number is down 15.4% compared to last year at this time when 2,712 homes were on the market. New construction sales continue to run ahead of last year with closed sales up 11.3% over last year through September, 522 v. 469.

Multiple Listing Service DataClosed Sales as of September 2015

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