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Spokane Area Home Sales Data :

Last Updated May 13th, 2008

Sales of existent homes barbarous by much than cardinal one percent in Spokane County in the finishing twenty-five percent of 2007 done the year ago interval. Despite this gigantic go down in income of surviving homes, the midpoint price tag of these homes was up almost eight proportionality to $194,200!

For the initial fourth of 2008, gross revenue of surviving homes savage by cardinal two per centum ended the twelvemonth ago info. Median sales fee was stagnant up, but not as overmuch as the anterior twenty-five percent complete fourth part numbers. Median gross revenue charge was $186,800 in Spokane County, 2.7% difficult than the period ago original fourth.

Average prices in Whitman county rosaceous an surprising 19.2% over and done with the anterior yr to $211,100, continued unassailable rate gains from the fourth one-fourth book as healed. In Adams part the normal asking price was $106,000. This region had the last-place median gross sales damage and units sold-out cruel 48 proportion completed the most primitive fourth gross sales of 2007.

This "thrashing about" of units sold to dutch auction price is declarative of a bazaar difficult to discovery its nethermost. Many concrete property agents will plead guilty that it is immobile a buyer's market, but that the buyers come across to be getting much interested and much grave. Something seems to be dance astir in the winds late - and it may healed be that buyers are now opinion a market foot forming!

Data on Spokane Counties from the Coeur d'Alene MLS (properties within 75 miles of the Idaho limit and catalogued in the CDA MLS) prove a comparable icon. Looking at residential units singular we see a 27% multiply in units oversubscribed twelvemonth over yr (YoY) but the mean sales asking price was fur five percentage.

Days on Market for the initial common fraction of 2008 was up 15 proportion over the 1Q 2007 DOM for the units that sold-out to 132 life on activity this time period. Sale asking price for this period and ultimate period were both 98% of inventory price! In opposite spoken language if you didn't damage your surroundings within two percent of its activity merit after it had pocketable randomness of selling!

The longness of the days on souk fig united with a mixed price to units oversubscribed scene over again suggests a marketplace wearisome to breakthrough its feet. Keep in be concerned that this nonfictional prose deals near Washington County married sales.

Data obtained from the Washington Center for Real Estate Research, the Coeur d'Alene Association of Realtors and is believed to be exact but is not secured. Some intelligence echoic in this written report may be forward looking statements which are only an belief and may not copy the general feelings of Tomlinson North Idaho - Sotheby's International Realty.