Transactions remained steady in July, the only increase was Coeur d’Alene with an increase of 3 transactions to 79 for the month. Post Falls dropped 6 to 45, and Spokane dropped 18 to 732 (which represents the most steady month-to-month numbers for Spokane this year).
The average sale price went up in all three markets. Coeur d’Alene jumped over $15,000 to an average of $259,511.16, Post Falls jumped just under $21,000 to $214,720.29, and Spokane with the smallest increase in average sales price changed to $222,803.16 from $219,829.47.
The list to sold ratio (the ratio between what a seller lists their house and what the home ultimately sells for dropped in all three markets. Coeur d’Alene dropped to 96.66% of asking price, Post Falls to 98.07% of asking price and Spokane to 97.87% of asking price.