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Spokane Market Report October 2014

Published on Nov 21, 2015

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PRESENTATION OUTLINE

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR OCTOBER 2014
Photo by Roger Lynn

562

OCTOBER'S CLOSED SALES UP 6% FROM 2013
Photo by cj&erson

8,967

2013 YTD NEW LISTINGS UP 3.9% OVER LAST YEAR
Photo by Roger Lynn

60

NEW CONSTRUCTION SALES DOWN 9.1% FROM OCTOBER 2013
Photo by chefranden

528

YTD NEW CONSTRUCTION SALES DOWN 10.1% FROM 2013
Photo by Edgar Barany

4,850

YTD SALES UP 3.1% OVER PREVIOUS YEAR
Photo by sarah_wood

$191,360

AVERAGE SALES PRICE UP 6.8% OVER LAST YEAR

$169,900

MEDIAN SALES PRICE UP 6.2% OVER LAST YEAR
Photo by John Biehler

$107,544,384

OCTOBER '14 SALES VOLUME UP 13.2% FROM LAST OCTOBER
Photo by Jeff Kubina

$904,127,612

YTD SALES VOLUME UP 5.5% OVER 2013
Photo by porschelinn

2,501

ACTIVE INVENTORY IS DOWN 3.6% COMPARED TO LAST YEAR
Photo by paul goyette

513

PENDING SALES UP 21.3% FROM LAST OCTOBER
Photo by beana_cheese

745

NEW LISTINGS UP 3.5% OVER LAST OCTOBER

4.45 MONTHS

LESS THAN 6 MONTHS OF INVENTORY

SUPPLY & DEMAND

  • Oct. '14 compared to Oct. '13
  • Inventory down 3.6% (2,501)
  • Sales up 22.7% (529)
  • Sales up 6% (562)
  • 4.90 months of inventory
  • 4.45 months of inventory
  • Seller's market
  • Seller's market for 8th consecutive month
Photo by Jason OX4