BJ & Mark Mors
Spokane Market Snapshot
The following statistics and information on the Spokane Real Estate Market has been provided from the Spokane Association of Realtors (SAR) The information is provided to you to provide a foundation of current trends within the market, and to assist you in making decisions regarding the purchase or sale of properties in the Spokane Market Area. All charts represent Spokane County Residential Property Listed or Sold throught the Spokane MLS System.
Market Summary
Source: Spokane Association of Realtors
May 2010
Closed residential sales reported for the month of May total 519. This total is the eighth consecutive month that
sales surpassed the sales from the same month a year ago. Sales are up 32.7% over May last year when there was
391 reported sales. The average sales price for May was $180,523 and the median sales price was $160,747.
Year to date residential sales of single family homes on less than one acre including condos are up 33.1% over
last year. The average sales price so far this year is $178,997 down 7.8% compared to last year and the median
sales price so far this year remains at $160,000 which is down 5.9% compared to last year.
The current inventory is down 3.2% compared to last month. Current inventory as of this report totals 3,304
which is up 4.6% compared to last year at this time. New construction sales fell slightly this month compared to
last month, but new construction sales were up significantly over the 36 sales reported for May in 2009.
(This information was provided by the Spokane Association of Realtors and is deemed accurate, but not guaranteed)