SPOKANE COUNTY
Monthly Home Sales Report May 2023 SALES DOWN 26.8%
SOLD
Closed sales of single family homes on less than one acre including condos for May 2023 total 496 compared to May 2022 when the total was 678.
AVERAGE PRICE DOWN 8.7% The average closed price for May 2023 was $441,779 compared to May 2022 when the average price was $483,654.
MEDIAN PRICE DOWN 8.3% The median closed price for May 2023 was $412,750 compared to May 2022 when the median price was $450,000.
INVENTORY UP 34.0% FOR SALE
NEW
Inventory as of this report totals 559 properties which represents 1.5 months supply. Last year at this time supply was at 0.8 months supply. Note: Months supply based on closed sales for May
NEW LISTINGS DOWN 16.8% The number of new listings in May 2023 was 809, compared to May 2022 when 972 new listings were reported.
Information pulled on 06/01/2023. The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current. ©Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Not intended as a solicitation if your property is already listed by another broker.