2022 spokane market: December 2022 Spokane WA Real Estate update
- 01/06/23 09:44 AM
The Spokane WA statistics are out for Dec. 2022 and they tell a vivid story.For the first time in a few years, prices are lower in Dec. 2022 than they were in Dec. 2021. The over escalation of home prices in popular areas, like Spokane is settling into a more normal range. The increased interest rates are creating this ripple effect.Homes just last Spring were often on the market for just hours, and average days on market is now 31 days.Higher priced homes are taking considerably longer to sell, as the buyer pool is much smaller.127% more homes on the market … (2 comments)
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2022 spokane market: Nov. 2022 Spokane, WA. real estate market statistics
- 11/10/22 07:31 AM
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 … (2 comments)
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The Spokane WA statistics are out for Dec. 2022 and they tell a vivid story.For the first time in a few years, prices are lower in Dec. 2022 than they were in Dec. 2021. The over escalation of home prices in popular areas, like Spokane is settling into a more normal range. The increased interest rates are creating this ripple effect.Homes just last Spring were often on the market for just hours, and average days on market is now 31 days.Higher priced homes are taking considerably longer to sell, as the buyer pool is much smaller.127% more homes on the market … (2 comments)
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