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Spokane Market Report December 2014

Published on Nov 18, 2015

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR DECEMBER 2014
Photo by D.H. Parks
2.

609

DECEMBER'S CLOSED SALES UP 16.3% FROM 2013
Photo by Ed Suominen
3.

5,820

2013 YTD SALES UP 5.6% OVER PREVIOUS YEAR
Photo by MyLifeThroughPhotography
4.

$187,324

AVERAGE SALES PRICE DOWN 1.6% FROM LAST YEAR
Photo by kevin dooley
5.

$164,900

MEDIAN SALES PRICE UP 3.1% FROM LAST DECEMBER
Photo by kevin dooley
6.

$94,973,533

DECEMBER '14 SALES VOLUME UP 18.1% FROM LAST YEAR
Photo by TomConger
7.

$1,084,123,096

YTD SALES VOLUME UP 7.8% FROM 2013
Photo by poppet with a camera
8.

1,878

ACTIVE INVENTORY IS DOWN 11.0% COMPARED TO LAST YEAR
Photo by Conrad Kuiper
9.

368

PENDING SALES UP 18.7% FROM LAST DECEMBER
Photo by Cayusa
10.

451

NEW LISTINGS UP 3.4% FROM LAST DECEMBER
Photo by Ann@74
11.

59

NEW CONSTRUCTION SALES DOWN 11.9% FROM DECEMBER 2013
Photo by Grant MacDonald
12.

649

YTD NEW CONSTRUCTION SALES DOWN 6.1% FROM 2013
Photo by RLHyde
13.

3.70 MONTHS

ABSORPTION RATE LOWEST IN MORE THAN 5 YEARS!
Photo by CS_McMahon
14.

SUPPLY & DEMAND

  • Dec. '14 compared to Dec. '13
  • Inventory down 11.0% (1,878)
  • Sales up 16.3% (609)
  • 3.70 months of inventory
  • Seller's market!
Photo by Knight725

Jim Grapes

www.lilaccityrealestate.com