Spokane-area home sales slowed in February

Single-family home sales in the Spokane area totaled 355 units in February, down 1.4% compared with the year-earlier month, according to the latest market snapshot posted through the Spokane Association of Realtors’ Multiple Listing Service.

Comparatively strong sales reported in January, however, kept the year-to-date total of 642 home sales 6.2% higher than the year-earlier period, the snapshot shows.

The median home price in February was $412,400, up 3.1% from February 2024.

Inventory at the end of February totaled 877 units, which represents a 2.5-month supply, up from a 2.1-month supply on the year-earlier date, the snapshot shows. However, new listings for February totaled 536, down 7.9%.