Spokane-Coeur d’Alene housing market booming, prices rising

SPOKANE, Wash. (AP) — Observers say the real estate boom in the Spokane, Washington, metropolitan area is a numbers problem. Far too many people are moving in, far too few homes are being built, and prices have skyrocketed to unprecedented levels. In May, the Wall Street Journal/realtor.com Emerging Housing Markets Index ranked Coeur d’Alene, Idaho, part of this combined metropolitan statistical area, as having the fastest-rising home prices in the nation. Spokane County came in at No. 5. Spokane County’s median home price in May was $375,000, 29% greater than the $289,900 median in May 2020.