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Spokane Market Update for the Week of 12/27/2019

Sunday, December 29, 2019   /   by Dixie Simon

Spokane Market Update for the Week of 12/27/2019

In some ways, the market hasn't changed since last week. We are still experiencing low inventory with 1.3 months at best, however; with the Holidays and families, realtors, banks and title companies out celebrating, it definitely takes a hit these last two weeks of December.

In the month of December this year, however, we have listed 374 new homes, and 160 homes that were under contract came Back on the Market. 254 homes had a Price change and only 4 of those were an increase. Also, in the last 27 Days of 2019, we have 1244 homes that are pending and 858 that have already closed.

While the trends continue to mix it up a bit, we are still in a multiple offer situation. Homes in that median price range are moving quickly within 7 to 14 days.

The days continue to be extremely short here in the Northwest so work hard and work early… and there is a lot of positive activity happening in the world of Real Estate. Zillow predicts Spokane Housing values to continue to increase in 2020.

2020 is just 4 days away. Happy New Year, Spokane. 

Feel free to contact me directly anytime. 509-385-4441

I'm Happy to Help

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Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201

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