New Home Sales Rise a Bit

The Spokane real estate market showed a slight improvement with a small increase in new home sales.

clipped from www.spokanejournal.com A glimmer OF HOPE New-home sales log small, month-to-month rise; observers predict rebound By  Mike McLean While home sales this year are well off of last year’s pace, there are signs that the swoon might be easing at least when it comes to newly built homes. The sales of such homes have shown a slight uptick here since July, says Rob Higgins, executive vice president of the Spokane Association of Realtors. The association’s monthly market activity report for October says that 79 new homes were sold in Spokane County that month, the fourth successive month in which such sales had increased from the month earlier. There were 73 sales of newly built homes in July, 74 in August, and 78 sales in September. Sales of such homes had fallen in May after being up in February and again in both March and April, and year to date they’re still off plenty, falling to 620 at the end of the first nine months, down from 934 in the first nine months of 2007.