The Homebuyer tax credit is having an impact. Closed sales on single family homes on less than one acre
including condos are up 86.9% from the anemic November figures of last year . This November there were 471
closed sales reported compared to 252 for the same month last year. Average sales price for November was
$177,068 and the median sales price was $159,900.
Year to date sales are improving with sales through November totaling 4,308 down 6.9% from last year’s figures
when 4,626 sales were reported through November. The average sales price through November was $188,153
compared to $206,603 last year. The median sales price through November was $169,000 compared to
$184,500. Average sales price year to date is down 8.9% while the median sales price is down 8.4%.
Inventory declined by 7% this month compared to last month however inventory remains similar to last year.
Year to date new home sales reported to the SARMLS are down 30.8%, 514 this year compared to 743 last year.
-Spokane Association of Realtor's
BethAnn Long ~ Spokane Realtor- Coldwell Banker Tomlinson South Inc.
509-362-4607
...there's no place like your home!
