Huge Snow Also Affects Home Buyers

Spokane real estate sales slowed to a snails pace in January. Few people braved the heaps of snow to look at Spokane homes for sale.

clipped from www.spokesman.com February 25, 2009 in Business Spokane home sales down, but prices holding Volume fell noticeably in December The lingering effects of the early winter snow onslaught weighed on the Spokane residential real estate market in January. Sales volume fell considerably, according to the Spokane Association of Realtors, but average and median prices held up well relative to other markets in the Northwest. The 115 closed sales yielded an average selling price of $206,585, almost unchanged from the $207,085 for January 2008, when 201 homes sold. The median price, $170,000, was off 7.8 percent. By comparison, the median value of Seattle homes fell 12 percent last month.