It's November, 2022- and the market is speaking. The "median" home price in Spokane has fallen 12.4% since May, but is still up 6.5% over October of 2021.
With 34.1 % less closings than this time last year, we see it is much more difficult to put a deal together, where seller is ok with the softer prices- and buyer is ok with the higher interest rates.
Some people choose to sell/but based on market conditions. But most people move for personal or professional reasons.
Personally, I am thankful that the housing market is less "frantic" than it was in the last few years.
Carefully examining your "why" and "when" is important when selling or buying a home, but I have also seen many people over think this. Timing the market is difficult. I would love to chat with you about your real estate goals anytime!
#bethanninspokane
Comments(2)