Spokane Washington Market Update 11-30-2010

Hello Everyone,

Here are the numbers:

4664 - Active homes for Sale

709 - Pending Homes (Homes with Offers)

15% pending

6.6 - Months of Inventory

$206,044 - Average Sold Price

149 - Days on Market average

So what does this mean? Well compared to this time last year, inventory is up 1%, but pendings are down .4%. This big change is the average sold price is up 5.% and the overal sold number is down 30% from where the 6 month sold inventory was at this time last year. Market time is up by 26 days. So homes are taking about another month to sell and even though last summer more homes sold. The prices and pending trend is good. It is a good time to buy with low interest rates, but selling is good too if you hire the right agent.

If you are looking to start shopping for a home, call us and find out about our "Smart Home Shopper" Program, it's free and can save you thousands in your next home purchase. Call for more details 509-362-1966