SPOKANE, Wash. (AP) - Home prices continued to rise in the Spokane-area last year, as demand for single-family homes outpaced supply.
The average sales price for a house in Spokane County was $255,931 last year, according to the Spokane Association of Realtors. That’s a gain of nearly 12 percent from 2017’s average price of $228,701.
The Spokesman-Review reports the median sales price also rose 12 percent to $235,000 from $210,000.
Inventories of homes for sale were down 21 percent in 2018 compared to the prior year. At the end of December, there were 798 homes for sale.
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Information from: The Spokesman-Review, http://www.spokesman.com
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