Spokane Association of Realtors December 2008 Market Data
December sales totaled 285 compared to 252 for November. The average price this month was $201,065 and the median price was $179,000.
The total sales for 2008 were 4,911 compared to 6,935 in 2007. The average sales price for the year was $206,291 and the median price was $184,000. The average sales price is down 2.6% compared to last year while the median price was down less than one percent.
The inventory as of this report stands at 2,488 listings compared to 2,925 last month and 2,553 in the December report last year.
Sales of newly constructed homes reported to the SARMLS ended the year at 804 sales compared to 1,245 in 2007.
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