Spokane County home sales rise 22% in January

Spokane County, Wash., home sales got off to a rapid start in January.

The number of sales for the month increased 22% over January 2017, the Spokane Association of Realtors reported.

Spokane, Wash.
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The number of sales during January was the highest ever recorded for the month during the past 30 years, according to the association.

A total of 464 condos and single-family homes on less than 1 acre sold during January, compared to 379 sales for the same period last year.

Mild weather during January was a factor in the strength of the market, but so was local demand for homes, said Tom McArthur, the Spokane Association of Realtors' public affairs director.

The average sales price was $224,091 during the month, an increase from $206,176 a year ago.

The median sales price was $208,500 in January, compared to $195,000 a year ago.

Inventories of homes for sale remain low locally and nationally, and real estate agents expect competitive market conditions to persist in 2018.

Tribune Content Agency
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