The average price for a Spokane, Wash.-area home rose to $256,000 in January, as low numbers of properties for sale continued to put pressure on prices.
The average sale price rose 14% compared to January 2018, when the average price was $224,500, according to the Spokane Association of Realtors.
The median sales price was $235,000 in January, compared to $208,500 a year ago.
The figures represent sales of condos and single-family homes in Spokane County on less than 1 acre.
While prices were up, the Spokane Association of Realtors said the number of sales in January dropped nearly 22% from a year ago. A total of 365 homes sold during the month, compared to 466 in January 2018.
A seller's market is expected to persist in Spokane County this year, with demand for homes outpacing supply. About 840 houses are currently listed for sale, which represents an 11% decline from last year at this time.
