Advertise Here

Office Hours

Home sales up, prices down

Homes sales in Spokane County surged compared with February, but remained behind the level for March 2009, when a federal home buyer tax credit was available.

Buyers closed on 307 sales compared with 190 in February, according to the Spokane Association of Realtors. The average price was $162,187, down from $166,418 in February and $182,234 a year earlier.

The median price was $154,000, ahead of the $150,000 for February, but below the $160,000 of a year ago.

Sales and prices were down for the first quarter compared with the 2009 period, when the tax credit was stimulating sales.

So far, 681 homes have sold, a 14 percent drop from 2009, and average and median prices both declined.

The number of listings increased slightly over February, to 2,738, but fell significantly from the 3,335 of a year ago.

Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Office Hours

Get blog updates by email

About this blog

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

Sign up for our business email newsletter
Latest comments »

Read all the posts from recent conversations on Office Hours.


John Stucke John Stucke is a deputy city editor who helps build local news coverage and writes about health care, bankruptcy and rural affairs.

Recent work by John

Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on and its social networking accounts.

Recent work by Alison

Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

Search this blog
Subscribe to this blog
Advertise Here