Copy of Spokane Market Report July 2014 by Jim Grapes

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Copy of Spokane Market Report July 2014

Published on Dec 04, 2015

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PRESENTATION OUTLINE

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR JULY 2014

Photo by Malcolm Carlaw

626

JULY'S CLOSED SALES UP 1% OVER 2013

Photo by Andrew Czap

3,177

2014 YTD SALES UP 2.5% FROM LAST YEAR

Photo by Julie Danielle

$186,795

AVERAGE SALES PRICE DOWN 0.4% FROM LAST YEAR

Photo by wearechapterone

$169,800

MEDIAN SALES PRICE UP 2.3% OVER LAST YEAR

Photo by Mateo Hos

$80,313,228

JULY '14 SALES VOLUME 0.5% FROM LAST YEAR

Photo by gamillos

$579,474,777

YTD SALES VOLUME UP 3.2% FROM LAST YEAR

Photo by RLHyde

2,918

ACTIVE INVENTORY SAME AS LAST YEAR

Photo by RPerro

534

PENDING SALES UP 9.0% OVER LAST YEAR

Photo by DrBjorn

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6,495

2014 YTD NEW LISTINGS UP 5.1% FROM LAST YEAR

Photo by JefferyTurner

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46

NEW CONSTRUCTION SALES DOWN 27% FROM JULY 2013

Photo by Jim, the Photographer

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347

YTD NEW CONSTRUCTION SALES DOWN 13.5% FROM 2013

Photo by m01229

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ABSORPTION RATE:

4.66 MONTHS OF INVENTORY

Photo by Robert S. Donovan

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SUPPLY & DEMAND

July '14 compared to July '13
Inventory level about the same (2,918)
Sales up 1% (626)
4.66 months of inventory
Tipped back to favoring sellers (2,918/626)

Photo by BLMOregon

Slide Notes