Spokane Market Report March 2014 by Jim Grapes

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Spokane Market Report March 2014

Published on Nov 19, 2015

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PRESENTATION OUTLINE

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR MARCH 2014

Photo by mtigas

384

MARCH'S CLOSED SALES DOWN 4.0% FROM 2013

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955

2014 YTD SALES UP 1.2% OVER PREVIOUS YEAR

Photo by JD Hancock

$182,040

AVERAGE SALES PRICE UP 7.4% OVER LAST YEAR

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$163,950

MEDIAN SALES PRICE UP 3.9% OVER LAST YEAR

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$69,903,429

MARCH '14 SALES VOLUME UP 3.1% OVER LAST MARCH

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$167,045,046

YTD SALES VOLUME UP 3.9% FROM SAME TIME LAST YEAR

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2,270

ACTIVE INVENTORY IS UP 3.9% COMPARED TO LAST YEAR

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413

PENDING SALES DOWN 8.2% FROM LAST MARCH

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831

NEW LISTINGS DOWN 3.5% FROM LAST MARCH

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2,219

2014 YTD NEW LISTINGS DOWN 1.8% FROM LAST YEAR

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48

NEW CONSTRUCTION SALES DOWN 17.2% FROM MARCH 2013

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124

YTD NEW CONSTRUCTION SALES DOWN 17.3% FROM 2013

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5.91 MONTHS OF INVENTORY

MARKET SLIGHTLY FAVORING SELLERS

Photo by Roger Lynn

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SUPPLY & DEMAND

Mar. '14 compared to Mar. '13
Inventory down 1.7% (2,270)
Sales down 4.0% (384)
5.91 months of inventory
Market slightly favoring sellers