Saturday, November 16, 2019 / by Katrina Miller
Spokane Real Estate Market Update for the week of November 15, 2019- Spokane is hitting the colder months but that does not mean Real Estate is slowing down. For the week of 11/15/19, we have about 1.2 months of inventory on the market. To have a balanced market we need around 5-6 months. We have a little over 2,000 homes that are active in Spokane county with a little more than half in escrow meaning only about 50% are available. We have 170 new homes on the market, which is 7 more than last week. With 750 homes being sold in the last 30 days we do not see the market slowing down anytime soon.
Sales prices are starting to rise in Spokane compared to last year at this time. They are up 3.5% from June 2018 to June 2019. This means your home value is slowly increasing!
It is a great time to sell since it is still a sellers market. Call me today at Haven Real Estate Group.
Katrina Jo Miller
Haven Real Estate Group