I wanted to share with you some year end statistics for 2008. In fact I have these for a 10 year span which is very informative and interesting. If you like, I can mail or e-mail them to you if you contact me at firstname.lastname@example.org or 509-362-4607.
- The overall decrease in Spokane Wa. for 2008 was -.076 so less than one percent. This is the first negative number seen in many years. Years previous in descending order overall Increases are as follows: 2007: +5.97% 2006: +16.6% 2005: +16.28% 2004: +7.59% 2003: +7.53 2002: +1.36 2001: +2.33% 2000: 0.00 1999: +2.43%
- This year there were 4,911 listings SOLD out of 12,833 that were listed for sale. These numbers were down significantly from 2007 when there was 15,559 homes listed, and 6935 SOLD. Odds of selling vary each month and those statistics are available upon request, with June and July holding the highest odds of selling at 17%, and November the low at 9%.
With the overall shift in the market last year it will certainly be interesting to see what happens in 2009 and if some Realtor's choose not to renew their active status. I am hoping for a good reasonable year with a steady pace, and favorable interest rates.
I also supply monthly market reports if you are interested just let me know!
BethAnn Long ~ Spokane Realtor- Coldwell Banker Tomlinson South Inc.
...there's no place like your home!