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Spokane Market Report May 2015

Published on Nov 19, 2015

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PRESENTATION OUTLINE

1.

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR MAY 2015
Photo by ClarkProductions2008
2.

647

MAY'S CLOSED SALES UP 17.2% FROM 2014
Photo by monteregina
3.

2,364

2015 YTD SALES UP 21.2% FROM LAST YEAR
Photo by Fritz Liess
4.

$192,400

AVERAGE SALES PRICE UP 5.6% FROM LAST YEAR
Photo by Andrew Czap
5.

$175,000

MEDIAN SALES PRICE UP 6.7% FROM LAST YEAR
Photo by SpokaneFocus
6.

$124,482,883

MAY '15 SALES VOLUME UP 23.8% FROM LAST YEAR
Photo by Carplips
7.

$441,954,821

YTD SALES VOLUME UP 26.7% OVER LAST YEAR
Photo by gordonwatts
8.

2,423

ACTIVE INVENTORY DOWN 11.7% FROM LAST YEAR
Photo by Joseph Brauer
9.

597

PENDING SALES UP 5.3% OVER LAST YEAR
Photo by dreamsjung
10.

1,092

NEW LISTINGS DOWN 5.6% FROM LAST MAY
Photo by MarkMoz12
11.

4,839

2014 YTD NEW LISTINGS UP 8.5% FROM LAST YEAR
Photo by Philerooski
12.

51

NEW CONSTRUCTION SALES DOWN 17.7% FROM MAY 2014
Photo by Navona
13.

242

YTD NEW CONSTRUCTION SALES UP 0.8% FROM 2014
Photo by Navona
14.

3.74 MONTHS OF INVENTORY

MARKET FAVORING SELLERS
Photo by flossyflotsam
15.

SUPPLY & DEMAND

  • May '15 compared to May '14
  • Inventory level down 11.7% (2,423)
  • Sales up 5.3% (597)
  • 3.74 months of inventory
  • Market dipped deeper into favoring sellers
Photo by Aureusbay

Jim Grapes

www.lilaccityrealestate.com