Spokane County’s median home price continues to rise in June


Spokane County, Wash., home prices rose in June, but the number of sales dropped off slightly.

The median sale price was $246,250 for condos and single-family homes on less than 1 acre, according to the Spokane Association of Realtors. Median prices grew 13.9%, up from $216,150 in June 2017.

Spokane, Wash.

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The average price was $268,828, a 15.2% gain from $233,361 at this time last year.

A total of 917 homes sold during June, down from 953 homes in June 2017.

Spokane County continues to be a strong seller’s market.

The inventory of homes for sale is down 24% compared to a year ago. About 1,422 homes were listed for sale in June, representing a supply of 1.6 months.

For a market to be more evenly balanced between buyers and sellers, a four- to six-month supply of inventory is needed.

Tribune Content Agency

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