In 2007, Spokane was one of only a few cities nationwide where the median price of a 

home increased in value.  Contrary to many major markets, "Most of Spokane's 

speculative builders dramatically reduced the number homes they will build in 

2008," said Robert Henry, President of R&D Construction and board member of 

the Spokane Home Builders Association.  The result of declining home starts 

means that at the current rate of market absorption (the rate at which new 

homes are currently selling), the current inventory of new homes will have 

been purchased by the first quarter of 2009.  Production builders are likely 

to continue with far fewer home starts well into 2009.  Many builders have 

dramatically reduced the pricing of homes that have been completed for

 several months.   Now is the time to find and negotiate great deals on new 

homes.  Buyers who have a decent credit rating and are pre-approved are in 

excellent position to negotiate with motivated sellers.  For a complete 

search of homes for sale in Spokane, visit www.DonnaHenryHomes.com