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Spokane Home Prices Continue To Be A Great Value
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Spokane Real Estate
March, 2008 MLS Market Activity
Spokane Association of Realtors® Residential Report
Residential Site Built and Condo in Spokane County
(On less than one acre)
March closed sales activity continued an upward trend for the second month with 376 closed sales reported.This number is up 83 sales over February or 28%. The average sales price in March was $197,110 and themedian price was $177,875.
1 st Quarter sales are down 458 compared to last year’s 1st Quarter. The average selling price for the 1st Quarter is$200,363 down slightly from last year’s 1st Quarter average selling price of $202,271. Median 1st Quarter price isup 1.7% over last year’s figure, $177,898 compared to $175,000.
Inventory topped 3,000 standing at 3,044 as of this report. Last year at this time the inventory stood at 2,334 andlast month the inventory was 2,778.
New construction closed sales totaled 62 for the month with the average price of $276,102.
Ken Garceau
www.SpokaneQualityofLife.com
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