Go Spokane Real Estate

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Go Spokane Real Estate

Welcome to Go Spokane Real Estate where you will find up to date information on the Spokane real estate market. Here you will find valuable resources whether you are looking to buy or sell a home in the Spokane area.

If you are looking to buy a home in Spokane County, you can search the Spokane MLS. You can use your own custom search criteria or the home search map feature. In addition to information about the home buying process you will find information about home finance and many different home loan programs available.

If you own a home in the Spokane area, you will find information to help decide if now the right time to sell. Here you will see the latest statistics regarding the Spokane real estate market. There is also information that will help you price your home correctly and understand the importance of a good marketing plan.





Spokane Real Estate Market

Jully 2015 Market Activity

The real estate market in Spokane Washington is still on fire. We had a great spring and we are an having even better summer. As you can see closed sales in July were down just a little bit from June but they were still over 20% higher than they were at this time last year.

Spokane real estate market number of closed sales last month

The number of listings in July was about 1% higher than the number in June. At the end of July Spokane had about 3.3 months' worth of inventory. The same month last year Spokane had around 4.7 months' worth of inventory. However you look at it, this is a strong indicator of a seller's market.

Spokane real estate market active listings

As you would expect with a high demand and diminishing supply, prices are going up. Both average sale price and median sale price are higher than the have been in many years.

Spokane real estate market median sale price

As for a nationwide perspective, the National Association of Realtors is reporting the highest prices in the last 10 years.

Spokane real estate market average sale price

Will prices continue to climb on into the winter? No; at least not in Spokane. The strong summer market will slow down going into the fall for both sale prices and number of closed sales. Fall and winter are good times for buyers to find good deals.

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The Lower Spokane Falls and the Washington Water Power building