Spokane Real Estate - Windermere Real Estate Spokane Valley and Liberty Lake
Spokane Real Estate - Windermere Real Estate Spokane Valley and Liberty Lake
Windermere Real Estate/Valley, Inc.

Spokane Market Up 21% over May

Posted on July 9, 2008
Here is the latest information from the Spokane Association of Realtors.  As I predicted in a previous post, sales are continuing to happen...yahoo!  Buyers are starting to chomp through the current inventory which is a welcome sign. 

Spokane Association of REALTORS ~ June 2008 Residential Site Built and Condos on less than 1 acre.

Closed residential sales reported in June are up 21% over May. There were 592 closed sales reported in June compared to 489 reported for May. The average sales price for June was $216,454 compared to $206,284 for last month. The median price for June was $193,000 compared to $183,000 for May.

Year to date sales continue to run behind last year. Through June there have been 2,394 closed sales of residential properties on less than one acre. The median sales price is up approximately 1% at $184,275.

Inventory is up approximately 2% or 68 residential properties compared to same period last month. Compared to last year the inventory is up 17.8% or 516 properties.

New construction sales totaled 87 in June up 9 compared to May.

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