There were 326 closed sales in March – an increase of over 68% over February. The upswing in sales landed us only 241 transactions shy of first quarter 2008. The average sale price is the same as it was this time last year, but inventory has been lower than the previous month a year ago for the past four months.
Lower inventory will mean prices will begin to firm as inventory nears demand of the buyers. So long as we can keep a deman in the Spokane Market, we’ll maintain a relativley stable Real Estate Market into the future.
Time will tell.