Spokane Area Real Estate News

MAY 2008 SPOKANE WA REAL ESTATE MARKET REPORT FROM THE SPOKANE ASSOCIATION OF REALTORS:

May sales were up 10.9% over April as sales continue an upward trend. There were 489 sales reported in May compared to 441 reported in April. The average sales price was up 1.3% from April. May's average sales price was $206,284 while the median sales price was $183,000.

Year to date sales continue to run behind last year. Through May there have been 1,803 closed sales reported. The average sales price through May stands at $202,626 down 2.6% from the same period last year while the median price is the same as last year at $180,000.

Inventory is up 136 properties when compared to last month. The inventory as of this report is 3,354. New construction sales totaled 78 in May down slightly from April's total of 82. May sales were up 10.9% over April as sales continue an upward trend.

There were 489 sales reported in May compared to 441 reported in April. The average sales price was up 1.3% from April. May's average sales price was $206,284 while the median sales price was $183,000.

Year to date sales continue to run behind last year. Through May there have been 1,803 closed sales reported. The average sales price through May stands at $202,626 down 2.6% from the same period last year while the median price is the same as last year at $180,000.