June 2022
In June 2022, Spokane home prices were up 15.8% compared to last year, selling for a median price of $440,000. On median, homes in Spokane sell after 6 days on the market, up 20% change from last year in June. There were 668 homes sold in June this year, down from 805 last year.
Average Sales Price
Current Listing Inventory
Median Days On Market
$479,748
793
6
Down 1.1% from prior month Up 15.1% from prior year
Up 45.8% from prior month Up 132.6% from prior year
Up 20.0% from prior month Up 50.0% from prior year
Median Sales Price
Residential Closed Sales
Annual Residential Closed Sales
$440,000
668
3,325
Down 2.2% from prior month Up 15.8% from prior year
Down 0.3% from prior month Down 17.0% from prior year
Down 9.7% from prior year
Information pulled on 07/01/2022 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.
2
Spokane County Market Report | June 2022
Median Days On Market As of 7/1/2022. By month dating from January 2018 to June 2022. Days on Market is the median number of days between when a property is listed and the contract date. 50
45
41
40
35
30
21 20
20
18
20 22
26 27
29 29
28
24
19 17 18 20
23 14 9
10
12
15
17 12
8 7 5 4 6 5 4 5 5 5 6 6 5 4 5 5 5 7 4 4 4 4 5 6 3 4 4 4 4
04
01
20 22 -
07
10
20 22 -
20 21 -
04
20 21 -
10
01
20 21 -
20 21 -
07
20 20 -
04
20 20 -
10
01
20 20 -
20 20 -
07
20 19 -
04
20 19 -
10
01
20 19 -
20 19 -
07
20 18 -
04
20 18 -
20 18 -
20 18 -
01
0
Annual Median Sales Price Year-to-date as of June. Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower. $500K
$425
$400K
$353
$300K
$255
$230
$205
$281
$200K $100K $0K 2017
2018
2019
2020
2021
2022
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates highlighting the week ending Thursday, June 30, 2022.
5.70%
6.00% 5.50%
5.10%
5.00%
5.10%
4.67%
4.50% 3.89%
4.00% 3.50% 3.00%
3.55% 2.98%
2.80%
2.87%
3.01%
3.14%
3.10%
3.11%
Sep '21
Oct '21
Nov '21
De c '21
2.50% June '21 July '21
Aug '21
Jan '22
Feb '22
Mar '22
Apr '22
May '22 June '22
Spokane County Market Report | June 2022
3
Active Residential Listings As of 7/1/2022. By month dating from January 2018 to May 2022. Active Inventory is the number of properties for sales at the end of the month, based on the contract date. 1437
1349 1090
1053 793
677 500
412
04
01
10
224
07
04
01
20 21 -
10
20 21 -
07
20 20 -
04
20 20 -
01
20 20 -
10
20 20 -
07
20 19 -
04
20 19 -
01
20 19 -
10
20 19 -
07
20 18 -
20 18 -
04
225
563
276
20 22 -
521
20 22 -
709
583
20 21 -
838
20 21 -
1457 1177
20 18 -
20 18 -
01
1600 1400 1200 915 1000 800 600 400 200 0
Active Listings By Price Range As of 7/1/2022. 188
200
2021
2022
165
160
120
120
94
86
80 40
$800K-$1M 9%
41 8
22 27 12 13
33
44
43
50
40
34
17
98
87 45
0-$150K 4%
200K-$250K 3% $250K-300K 4%
$150-200K 1%
$300K-$350K 8%
92 46
35
$1M+ 9%
$350K-$400K 9%
$600K-$800K 18%
$400K-$450K 8% $1 M
+
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
0 $500K-$600K 16%
$450K-$500K 11%
New Residential Listings As of 7/1/2022. By month dating from January 2018 to June 2022. New Listings is the number of properties listed regardless of current status. 1200 961
1000
993
976
1055 819
800
800
648
1001 805 638
614
1057
981 861
789
782
686 509
600
483
400
4
01
10
07
04
01
10
07
04 20 22 -
20 22 -
20 21 -
20 21 -
20 21 -
20 21 -
20 20 -
20 20 -
01
10
07
04
04 20 20 -
20 20 -
20 19 -
20 19 -
01
Spokane County Market Report | June 2022
20 19 -
07
04
10
20 19 -
20 18 -
20 18 -
20 18 -
20 18 -
01
200
Residential Closed Sales As of 7/1/2022. By month dating from January 2018 to June 2022. Closed Sales is the number of properties sold. 1000
928
911
860
900 800
500
870
849 732
697
700 600
851
668
654
620
574
607
548
472
465
458
432
368
400
01
10
04 20 22 -
20 22 -
04
07
20 21 -
20 21 -
01
20 21 -
10
20 21 -
07
20 20 -
04
20 20 -
01
20 20 -
10
20 20 -
07
20 19 -
01
04
20 19 -
20 19 -
10
20 19 -
07
20 18 -
04
20 18 -
20 18 -
20 18 -
01
300
Sold Listings By Price Range Year-over-year comparison for the month of June.
150
2021
100 98
99
90
69
60
77 77
$450K-$500K 10%
118
111
$500K-$600K 16%
85
64
45 19 13 22 14
$400K-$450K 14%
128
115
120
30
136
2022
66 33
27
$350K-$400K 13%
41 19
28 $600K-$800K 15%
$300K-$350K 8% + $1 M
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
0
$250K-300K 9%
200K-$250K $150-200K 0-$150K 3% 2% 2%
$800K-$1M 5%
Annual Residential Closed Sales Year-to-date as of June. Closed Sales is the number of properties sold. 3900
3813 3683
3700 3565 3500 3367
3325
3286
3300 3100 2017
2018
2019
2020
2021
2022
Spokane County Market Report | June 2022
5
Months Supply of Inventory As of 7/1/2022. By month dating from January 2018 to June 2022. Months Supply of Inventory is the number of months it would take to sell the available inventory at the current rate. 2.4
2.3
2.3
2.1
2 1.9
1.9
2 1.9
1.9 1.9
1.8
1.8
1.8 1.8
1.7
1.7 1.6 1.6
1.6
1.5
1.5
1.4 1.3
1.4
1.3
1.3 1.2
1.3 1.3 1.2
1.2 1.2
1.2 0.9
0.9
0.8
0.8 0.8
0.8
0.7 0.7 0.7
0.7 0.6
0.6
0.6 0.6 0.5
0.6
0.6
0.5
0.5 0.4 0.4 0.4 0.4 0.4
0.5
0.4
0.3
0.3
04
01
20 22 -
10
20 22 -
07
20 21 -
04
20 21 -
01
20 21 -
10
20 21 -
07
20 20 -
04
20 20 -
01
20 20 -
10
20 20 -
07
20 19 -
04
20 19 -
01
20 19 -
10
20 19 -
07
20 18 -
04
20 18 -
20 18 -
20 18 -
01
0
Sale-to-List Price Ratio As of 7/1/2022. By month dating from January 2018 to June 2022. Sale-to-List Price Ratio is the average of sales price divided by the final list price expressed as a percentage. 108.0% 107.0% 103.2%
106.0%
105.4%
105.3%
105.0%
105.0% 104.0% 103.0%
103.0% 101.2%
102.0% 100.6%
101.0%
101.3%
101.0%
101.3%
101.4%
101.2%
100.3%
99.9% 99.6%
100.0% 99.4%
101.5% 101.7%
99.4%
99.0%
04
01
20 22 -
20 22 -
10
07
20 21 -
20 21 -
04
01
20 21 -
20 21 -
10
20 20 -
07
20 20 -
04
20 20 -
01
20 20 -
10
20 19 -
07
20 19 -
04
20 19 -
01
20 19 -
10
20 18 -
07
20 18 -
04
20 18 -
20 18 -
01
98.0%
Spokane County Market Report | June 2022
6
Annual Residential Closed Sales Year-to-date Re-Sale vs New Construction as of June. Closed Sales is the number of properties sold. 4800
New
Re-Sa le
4200 3600 3000 2400 1800
3229
3405
336 2017
3167
2910
2907
408
376
460
516
424
2018
2019
2020
2021
2022
2901
1200 600 0
Annual Median Sales Price Year-to-date Re-Sale vs New Construction as of June. Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower. $525K
Re-Sa le
$499
New $420
$450K $375K $300K
$349
$344
$270
$243
$220
$195
$225K
$350
$325
$296
$410
$150K 2017
2018
2019
2020
2021
2022
Median Price Per Square Foot As of 7/1/2022. Monthly Re-Sale vs New Construction comparison. Price per Square Foot is the mid-point (median) PPSF of all closed listings. $300 Re-Sa le
New
$250
$253
$244
$237
$232
$243
$223
$190
$195
$189
$193
$186
$192
$192
$203
$272
$265
$247
$243
$231
$225 $200
$273
$266
$275
$211
$218
$221
May '22
June '22
$175 $150 July '21
7
Aug '21
Sep '21
Spokane County Market Report | June 2022
Oct '21
Nov '21
De c '21
Jan '22
Feb '22
Mar '22
Apr '22