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Market Trends
Spokane
Real Estate
Statistics • Spanning 10 years • 1998 - 2008
Winter Spring Summer Fall
March 2009
S
pokane
R
eal
e
State
M
aRket
t
RendS
–1998
to
2008
Average & Median Sales Price
050,000100,000150,000200,000250,000AVERAGE115,810 119,275 118,209 121,920 127,973 132,273 147,006 172,413 197,384 211,872 206,291MEDIAN104,950 107,500 107,500 110,000 111,500 119,900 129,000 150,000 175,000 185,400 184,0001998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Number of Residential Listings and Closed Sales
02,0004,0006,0008,00010,00012,00014,00016,00018,000Listings10,386 10,050 9,577 9,848 10,242 10,588 10,856 11,879 13,675 15,559 12,833Sold5,274 5,443 5,324 5,898 6,243 7,218 7,758 8,373 7,792 6,935 4,9111998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Percent of Increase/Decrease of Median Price from Previous Year
-2%0%2%4%6%8%10%12%14%16%18%%1% 2.43% 0.00% 2.33% 1.36% 7.53% 7.59% 16.28% 16.67% 5.97% -0.76%1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
The odds of selling your home depend on a number of factors: the price and condition of your home; the supply and demand for homes in your price range andneighborhood; overall economic conditions; and your choice of a Realtor. Using the number of listings above vs. the actual number sold, here are your odds of selling.
S
pokane
R
eal
e
State
M
aRket
t
RendS
-Y
eaR
to
d
ate
Number of Residential Listings
0500100015002000250030003500400020051313 1344 1355 1364 1383 1451 1615 1665 1759 1683 1626 150620061538 1581 1670 1759 1971 2182 2395 2570 2662 2587 2390 214820072168 2233 2234 2545 2756 2906 3111 3241 3273 3106 2864 255320082624 2778 3044 3218 3354 3422 3456 3467 3387 3173 2928 248820092530 2626 2687Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Number of Residential Closed Sales
010020030040050060070080090010002005316 398 618 643 738 871 723 850 757 744 662 9492006331 405 653 548 749 804 761 801 714 638 614 7432007347 461 511 604 714 801 719 709 521 597 481 4582008201 293 376 441 489 592 586 473 465 439 252 2852009115 194 326Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Odds of Selling
0%10%20%30%40%50%60%70%200524% 30% 46% 47% 53% 60% 45% 51% 43% 46% 41% 63%200622% 26% 39% 31% 38% 37% 32% 31% 27% 25% 26% 35%200716% 21% 22% 24% 26% 28% 23% 22% 16% 19% 17% 18%20088% 11% 13% 14% 15% 17% 17% 14% 14% 14% 9% 11%20095% 7% 12%Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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