April 2016: Update on Spokane Real Estate Market

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

Closed sales of single family homes on less than one acre including condominiums totaled 585 for April, up 5.2% over last year’s total for April which was 556 closed sales. The average sales price for April was $205,801 up 8.1% from April 2015 when the average sales price was $190,329. The median price for this April was $191,500, up 12.6% over April 2015 when the median price was $170,000.


Year to date sales through April 2016 total 1,772 sales compared to year to date sales last year of 1,722, an increase of 2.9%. The average sales price through April is $201,539 while the median sales price is $185,000. These numbers are up 9% and 9.5% respectively.


Inventory grew by 10.4% compared to last month however the current inventory is down 16.2% when compared to the same time last year. Current inventory as of this report is 1,934 properties for sale compared to 2,307 at this time last year. With the tight inventory new construction sales are up 29.3% compared to last year, 247 vs 191.


Closed Sales_April 2016

Comments (1)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Cindhy, always enjoy viewing stats and charts on other communities.

May 10, 2016 04:50 AM