2011 Spokane Real Estate Statistics Year End

2011 Spokane Real Estate Statistics Year End

2011 was an unusual year for many Spokane area Realtor's. Being in the trenches, I see a variety of attitudes and outcomes.

There was a total of 8701 homes listed for sale (represents Residential homes in Spokane under 1 acre) and a total of 4020 closed respectively.

The average sales price was 167,665 (down from 183,483 in 2010)and the median price was 154,900 (down from 167,665 in 2010 end).

This reflects a 5.1% decrease in value for median homes..

Interest rates were at a historical low average at 4.42%. This had less effect on boosting home sales than I personally had hoped for. However, Spokane has a far more stable market than many. We are lucky to be here! 2012 has a great ring to it! :)

If you would like a monthly report e-mailed to you directly,or a personalized neighborhood review- feel free to e-mail me at bethannlong@gmail.com

(Statistics provided by the Spokane Association of Realtor's.)