Spokane Real Estate Sales Trends

Spokane foreclosures inch upward – Spokesman.com – Oct. 28, 2011.

  • 26% of Spokane homes sales are “distressed” sales (foreclosures and so on)
  • Spokane’s foreclosure rate is much less than the national rate
  • Sales in September were up from a year ago.
  • “That’s a positive sign”.

Source┬áTrulia. Important – the Y-axis is a logarithmic scale. The actual vertical trend is larger than it appears in the chart. You can see that the difference between 1000 and 2000 is smaller than the distance between 500 and 1000, even though one represents 1,000 homes and the other just 500.

Does historical context give you a different perspective?