Spokane Real Estate Market: Turning The Corner? | Home & Garden

Has the Spokane real estate market finally bottomed out?  Hard to say just yet, but the latest statistics indicate that we might be close.  Here are the highlights from realtor.com

• The median list price for a home on the market in January was $179,950.  That's virtually the same as it was one month ago ($179,000), and one year ago ($180,000.)  Staying flat is nothing to get excited about, but it sure beats the steadily falling prices we've seen over the past few years.
• Another positive sign - the median number of days on the market has dropped from from 116 to 110 over the past year.  
• Also, the number of homes for sale has dropped 15% since January, 2011, to 2,534.  Now, that could be because some frustrated home sellers have given up and pulled their house off the market.  But let's be optimists, right?  It's because homes are finally selling again!  The tide is turning!

Click here to see all the details, and how Spokane stacks up against other cities.