Spokane Market Report November 2013 by Jim Grapes

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Spokane Market Report November 2013

Published on Nov 18, 2015

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PRESENTATION OUTLINE

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR NOVEMBER 2013

Photo by Edgar Barany

369

NOVEMBER'S CLOSED SALES DOWN 3.9% FROM 2012

Photo by blmiers2

5,055

2013 YTD SALES UP 22% OVER PREVIOUS YEAR

Photo by eschipul

$186,741

AVERAGE SALES PRICE UP 1.6% OVER LAST YEAR

Photo by peripathetic

$157,500

MEDIAN SALES PRICE FELL 4.2% FROM LAST YEAR

Photo by Dinner Series

$68,907,561

NOVEMBER '13 SALES VOLUME DOWN 2.4% FROM LAST NOVEMBER

Photo by Edgar Barany

$922,007,879

YTD SALES VOLUME UP 26.4% OVER 2012

Photo by Paul-W

2,400

ACTIVE INVENTORY IS UP 7.5% COMPARED TO LAST YEAR

Photo by danakin

313

PENDING SALES UP 8.7% FROM LAST NOVEMBER

Photo by LadyDragonflyCC - >;<

10.

572

NEW LISTINGS UP 24.6% OVER LAST NOVEMBER

Photo by Nick in exsilio

11.

9,296

2013 YTD NEW LISTINGS UP 13.2% OVER LAST YEAR

Photo by Andrew Reitemeyer

12.

37

NEW CONSTRUCTION SALES DOWN 39.3% FROM NOVEMBER 2012

Photo by Paul Kehrer

13.

623

YTD NEW CONSTRUCTION SALES UP 34.9% OVER 2012

Photo by Russell Heistuman

14.

6.5 MONTHS

SALES SANK FASTER THAN INVENTORY FOR THE FIRST TIME IN 8 MONTHS

Photo by Paul Nicholson

15.

SUPPLY & DEMAND

Nov. '13 compared to Nov. '12
Inventory up 7.5% (2,400)
Sales down 3.9% (369)
6.50 months of inventory
Balanced market