What is the current Real Estate Market in Spokane?
- Is now a good time to sell?
- What challenges are sellers facing?
- What do I need to know?
Spokane’s Housing Market has been ‘Hot’ for some time. People looking to get out of big cities like Seattle and Los Angeles are seeing Spokane as an ideal community for re-location. Big companies such as Amazon are moving in to the area and the demand for housing is great!
Real Estate agents in Spokane are saying that they have more buyers than they can find houses for. Homes are selling as soon as they hit the market. The average number of days on market for houses in Spokane is plunging and the number of offers per property is rising.
The average and median prices for homes in Spokane continues to rise. For homeowners, this means your home could be worth a lot more than you might realize.
The inventory is down, which means, the demand for properties is a lot higher. With inventory down, homes are selling rapidly. They aren’t on the market long before they are snapped up by the best offer.
Now is a great time to sell!
What do Sellers need to know?
- When priced right, your home is likely to sell quickly
- You should look for an agent who has experience negotiating multiple offers
- With multiple offers coming in, you may not need to accept contingent offers
Curious what your home is worth?
Give us a call (509)868-1726! Or send us a message.