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January homes sales, average price climb

Spokane County home sales hit a seasonal low in January, but finished with slight increases in number and average price compared with a year ago.

The Spokane Association of Realtors reported 184 sales, up from 176 in January 2010. The average price was $178,903, compared with $175,382 last year.

The median price fell to $155,000 from $159,375.

Association President Rob Higgins noted this year's sales increased despite the expiration in April of a first time homebuyer tax credit that provided an $8,000 incentive for purchasers.

There were 2,676 homes on the market on Feb. 4, a one-year supply based on the 224 pending sales at the end of Janurary.


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

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