Spokane Market Report March 2015 by Jim Grapes

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Spokane Market Report March 2015

Published on Nov 18, 2015

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PRESENTATION OUTLINE

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR MARCH 2015

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494

MARCH'S CLOSED SALES UP ⬆️ 28.6% FROM 2014

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1,162

2015 YTD SALES UP ⬆️ 21.3% OVER PREVIOUS YEAR

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$182,738

AVERAGE SALES PRICE UP ⬆️ 0.4% OVER LAST YEAR

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$169,900

MEDIAN SALES PRICE UP ⬆️ 3.6% OVER LAST YEAR

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$90,272,650

MARCH '15 SALES VOLUME UP ⬆️ 48.3% OVER LAST MARCH

Photo by Henry Hemming

$211,781,589

YTD SALES VOLUME UP ⬆️ 26.4% FROM SAME TIME LAST YEAR

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2,162

ACTIVE INVENTORY IS DOWN ⬇️ 4.8% COMPARED TO LAST YEAR

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580

PENDING SALES UP ⬆️ 40.4% FROM LAST MARCH

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940

NEW LISTINGS UP ⬆️ 13.1% FROM LAST MARCH

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2,653

2015 YTD NEW LISTINGS UP⬆️ 19.6% FROM LAST YEAR

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64

NEW CONSTRUCTION SALES UP ⬆️ 39.1% FROM MARCH 2014

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139

YTD NEW CONSTRUCTION SALES UP 11.2% FROM 2014

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4.38 MONTHS OF INVENTORY

SELLER'S MARKET

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SUPPLY & DEMAND

Mar. '15 compared to Mar. '14
Inventory down 4.8% (2,162)
Sales up 28.6% (494)
4.38 months of inventory
Market favoring sellers

Photo by Roger Lynn