Home sales in Spokane County increased for the fourth consecutive month in May, but prices remain below year-ago levels.
The Spokane Association of Realtors reported 382 closed sales for the month, compared with 332 in April.
In May 2010, the association reported 520 closed sales, a number inflated by a tax credit for first-time buyers and some others re-entering the housing market.
The average sales prices was $164,282, off nine percent compared with May 2010 and 1.5 percent from April.
The median price was $149,950, down seven percent from last May and two percent from April.
The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.
Tom Sowa Tom Sowa covers technology, retail and economic development and writes the Office Hours blog.
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John Stucke John Stucke's primary coverage areas include health care, agriculture and the labor market.
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Becky Kramer Becky Kramer covers the environment, natural resources and utilities.
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Alison Boggs Online Producer Alison Boggs posts and manages content on spokesman.com and its social networking accounts.
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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.
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