Spokane Home Resales Better Than Average

While still slumping, the Spokane real estate is out performing the rest of our state and the national averages.

clipped from www.istockanalyst.com Local Home-Value Decline Less Than National Average May 8--Home values in Spokane County fell during the first quarter but performed better than the national average, according to a new report from online real estate site Zillow.com. While home sales in Spokane County were down in the first quarter compared to last year, sales in March alone showed a big jump over February, according to Multiple Listing Service statistics. Zillow reported that home values in the county dropped 10.8 percent in the first three months of the year compared to the same period a year ago. But the report also showed that home values locally over the past five years were up 4.9 percent, while in more than half the markets the firm covers, values were flat or negative over that same period.