Packed In: Spokane housing sales are down, but prices are up
SPOKANE, Wash. – Spokane housing sales are down, but prices are up.
The Spokane Association of Realtors’ year-to-date report shows an increase in inventory and new listings.
Inventory totals 798 properties, which equates to a little more than a month’s supply. Last year at this time, there were just 284 homes on the market, which is about a 12-day supply.
The report shows closed sales of single-family homes have fallen 8.5 percent compared to this time last year. Meantime, new listings are up about 6.5 percent, but buyers can still expect to pay more.
The average closed price through June 2022 is $458,188 compared to $386,515 through June 2021. The median closed price is up 20.7 percent compared to last year.
READ: Packed In: Here’s why your property tax will be higher next year
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