Spokane Real Estate Marketing Rally

The Spokane real estate market is showing some promising signs of coming back to life. With low interest rates, good prices, and a great inventory it really is a great time to buy a home in Spokane.

clipped from www.spokesman.com Housing markets rally for rebound Home sales rise in June in U.S. and Spokane, Kootenai counties Mike Prager mikep@spokesman.com, (509) 459-5454 New figures on U.S. housing sales indicate the housing market may be starting to rebound, and recent sales figures in Spokane and Kootenai counties suggest the local housing market is picking up. The U.S. Commerce Department said Monday new-home sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000 houses, from a May rate of 346,000, which was higher than previously thought. It was the third straight month of increases. However, the median sales price of $206,200 was down 12 percent from $234,300 a year earlier. At the same time, the National Association of Realtors said sales of existing homes increased 3.6 percent to a seasonally adjusted annual rate of 4.89 million units in June from a downwardly revised pace of 4.72 million in May, but were 0.2 percent lower than the 4.90 million-unit level in June 2008.