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

May 2015 Market Activity

The Spokane real estate market just had a better May than last year or the year before, or the year before that, or before that. OK, more homes sold in Spokane this May than any May, or any other month in more than 5 years. The Spokane housing market is on fire.

Spokane real estate market number of closed sales last month

We haven't even gotten to the peak of the season yet. The numbers that you see on the graph above are from the Spokane Association of Realtors and they represent closed sales. This means that most of these deals were signed around in April or even earlier. The months with the most closed sales in Spokane tend to be June, July and August. It looks like we are in for a very active summer!

Spokane real estate market active listings

How about on the listing side of things? This is the number of houses that are being actively marketed. This is our inventory. The inventory has been increasing steadily since the beginning of the year but not at the same rate as closed sales. Demand is clearly increasing at a much faster rate than supply.

Spokane real estate market median sale price

As you might expect when demand is increasing at a faster rate than supply, prices are increasing. When you look at the average sale price and the median sale price, they are both increasing at a fairly steady rate. We can expect them to continue to increase on into the summer months.

Spokane real estate market average sale price

A steady price increase is a sign of a strong real estate market. It gives sellers the ability to sell their homes without taking a loss. It also gives buyers confidence that their investment will increase in value.

written by:

The Lower Spokane Falls and the Washington Water Power building