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Spokane Market Report July 2015

Published on Nov 21, 2015

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PRESENTATION OUTLINE

1.

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR JULY 2015
Photo by speedygroundhog
2.

755

JULY'S CLOSED SALES UP 20.8% OVER 2014
Photo by Andrew Czap
3.

3,886

2015 YTD SALES UP 22.3% FROM LAST YEAR
Photo by villoks
4.

$211,837

AVERAGE SALES PRICE UP 13.4% FROM LAST YEAR
Photo by Pörrö
5.

$190,000

MEDIAN SALES PRICE UP 12.0% OVER LAST YEAR
Photo by Mateo Hos
6.

$159,937,573

JULY '15 SALES VOLUME UP 37% FROM LAST YEAR
Photo by gamillos
7.

$758,775,923

YTD SALES VOLUME UP 30.9% FROM LAST YEAR
Photo by RLHyde
8.

2,493

ACTIVE INVENTORY DOWN 14.6% FROM LAST YEAR
Photo by RPerro
9.

634

PENDING SALES UP 1.4% OVER LAST YEAR
Photo by sirusjrwolfie
10.

1,052

NEW LISTINGS UP 2.9% FROM LAST JULY
Photo by Grant MacDonald
11.

6,985

2015 YTD NEW LISTINGS UP 7.5% FROM LAST YEAR
Photo by JefferyTurner
12.

64

NEW CONSTRUCTION SALES UP 39.1% FROM JULY 2014
Photo by Jim, the Photographer
13.

386

YTD NEW CONSTRUCTION SALES UP 11.2% FROM 2014
Photo by m01229
14.

ABSORPTION RATE:

3.30 MONTHS OF INVENTORY
Photo by criggchef
15.

SUPPLY & DEMAND

  • July '15 compared to July '14
  • Inventory level down 14.6% (2,493)
  • Sales up 20.8% (755)
  • 3.30 months of inventory
  • Sellers' Market
Photo by BLMOregon

Jim Grapes

www.lilaccityrealestate.com