Shawn Vestal: Our 'red-hot' housing market is freezing cold at the bottom

There are a lot of dramatic numbers involved in Spokane’s “sizzling hot” housing market.

Here’s one – $325,000.

That’s the median price of a home sold in February, an increase of 21% from last year, according to the Spokane Association of Realtors. Five years ago, it was $200,000.

Here’s another – 133.

That’s the number of properties listed for sale in this market at the time of the February report, down 70% from last year. Five Februarys ago, there were almost 1,700 properties on the market.

Yet another – 1.1%.

That was the fall vacancy rate for all apartments in Spokane, according to the University of Washington Center for

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