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509.879.5808 tamra@cbspokane.net lara mchenry 509.995.0074 lara@cbspokane.net Your Current Spokane Market Update as of 2/6/12Even thought Phil our proclaimed meteoroligist Groundhog, spotted his shadow and projects there will be another 6 weeks of winter...I am certain the houseing market of Spokane will not remain in the shadows for quite that long. We have already noticed a rise in the number of homes sold and pending in comparison to the last year, sales numbers are rising as well. Last years numbers are in and in 2011 we saw 8,701 homes on the market of which 4,020 sold! not too bad! The odds of selling a home in Spokane right now are running at about a 10-15% chance of happening The average and median sales prices were Average (167,665) Median (154,900) How much did we depreciate over all in decreas of Median Price from the year before....-5.10% Average interest rates in 2011 were 4.42% When we look at the overall picture of what these numbers indicate it is obvious that Spokane's market is perfect if you are looking to capitalize on a good deal in a time when interest rates are exceedingly low.
~The U.S. economy is facing some formidable challenges in 2012. Until next month =) |
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