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Average Spokane home price up, median slips

The average price of a Spokane home sold in April increased from March but remained below the level of a year ago. The median price fell slightly.

On the 332 homes sold, the average price was $166,686, compared with $179,907 a year ago. The median was $163,000, compared with $153,157.

The average and median prices in March were $162,187 and $154,000, respectively.

Sales volume was significantly below that for April 2010, 332 compared with 507. A year ago, buyers were rushing to take advantage of an expiring tax credit for new home buyers.

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Bert Caldwell
Bert Caldwell oversees production of the opinion pages, including writing editorials, and editing and selecting letters, columns and cartoons.




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