1st Quarter Sales Data for SAR MLS

Spokane Association of REALTORS®
2015 YEAR TO DATE HOME SALES REPORT
THROUGH MARCH (1st QTR)
UNIT SALES UP 21.3%
Closed sales of single family homes on less than one acre
including condos through March 2015 total 1,162 compared to
958 through March 2014.
AVERAGE PRICE UP 4.2%
The average closed price through March 2015 is $182,256
compared to $174,932 through March 2014. *
MEDIAN PRICE UP 6.3%
The median closed price through March 2015 is $168,000
compared to $158,100 through March 2014. *
*NOTE: Does not represent home values.
INVENTORY DOWN
Inventory is down 4.8% compared to March 2014. Current
inventory as of this report is 2,162 properties which is a 4.4
months supply.
NOTE: Months supply based on closed sales for March.
DISTRESSED SALES DOWN
Sales of Distressed homes accounted for 20.3% of sales through
March 2015 compared to 27.5% through March 2014.
NOTE: Information comes from the SAR’s Monthly Activity Report which looks at single family residential/
site built properties on less than one acre and condominiums.

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Welcome to our website. From time to time, we will be posting news concerning the state of the industry and updates in the market in the area. As you know, the Spokane area market is currently experiencing a robust environment with much new construction and a healthy volume of home sales being recorded. We stand ready to assist you with your commercial or residential appraisal needs.