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Spokane Market Report November 2014

Published on Nov 21, 2015

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PRESENTATION OUTLINE

1.

SPOKANE MARKET REPORT

REAL ESTATE SALES ACTIVITY FOR NOVEMBER 2014
Photo by Carplips
2.

455

NOVEMBER'S CLOSED SALES UP 23.3% FROM 2013
Photo by Ed Suominen
3.

4,850

2014 YTD SALES UP 4.6% OVER PREVIOUS YEAR
Photo by vasta
4.

$183,029

AVERAGE SALES PRICE DOWN 2.0% OVER LAST YEAR
Photo by John Carleton
5.

$165,500

MEDIAN SALES PRICE UP 5.1% FROM LAST YEAR
Photo by Deiru
6.

$183,278,631

NOVEMBER '14 SALES VOLUME UP 20.8% FROM LAST NOVEMBER
Photo by Navona
7.

$987,841,381

YTD SALES VOLUME UP 6.7% OVER 2013
Photo by Ben+Sam
8.

2,236

ACTIVE INVENTORY IS DOWN 6.8% COMPARED TO LAST YEAR
Photo by Ed Suominen
9.

384

PENDING SALES UP 22.7% FROM LAST NOVEMBER
Photo by G.OZCAN
10.

536

NEW LISTINGS DOWN 6.3% FROM LAST NOVEMBER
Photo by Navona
11.

9,503

2014 YTD NEW LISTGINGS UP 3.2% OVER LAST YEAR
Photo by Jim Belford
12.

58

NEW CONSTRUCTION SALES UP 56.8% FROM NOVEMBER 2013
Photo by ...love Maegan
13.

586

YTD NEW CONSTRUCTION SALES DOWN 6.1% FROM 2013
Photo by Russell Heistuman
14.

4.91 MONTHS

SALES SANK FASTER THAN INVENTORY FOR THE FIRST TIME IN 8 MONTHS
Photo by Furryscaly
15.

SUPPLY & DEMAND

  • Nov. '14 compared to Nov. '13
  • Inventory down 6.8% (2,236)
  • Sales up 23.3% (455)
  • 4.91 months of inventory
  • Seller's Market
Photo by Navona

Jim Grapes

www.lilaccityrealestate.com