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Realtor.com finds Spokane home sales up, but not as fast as in Seattle and Boise

Realtor.com has generated a national ranking of home sales at the metro level, and found Spokane in April of this year ranked 143 out of 146 cities, based on the number of visitor searches on the Realtor.com website. price increases and declines in number of homes for sale.

Realtor.com said April showed a continuing improvement in sales and prices; inventory of single-family homes, condos, townhouses and co-ops nationwide declined by 18.85 percent in April 2012 compared to a year ago, and declined in all but five of the 146 markets.

The company's data for Spokane was:

  • median price of property sold in April: $184,900, down 2.1 percent from April 2011, up 2.8 percent from March 2012.
  • total listings: 2,620, down 13 percent from April 2011, up 4.5 percent from March 2012.
  • median age of inventory: 70 days; down 14 percent from April 2011, down 14.7 percent from March 2012.                                                       

Seattle ranked 65th in total searches in the April listing, and Boise landed at 135th.

Seattle's major showing is a gain of 6.1 percent in median prices since last year, and a 4.5 percent gain in median prices of sold properties since March of this year. Seattle showed a whopping 40 percent decline in total listings on the market since April 2011.

Nationally, the median age of the inventory fell 11.57 percent on a year-over-year basis last month, and the median national list price declined slightly, down 0.35 percent in April 2012 compared to April 2011.




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





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