April 2021 Spokane WA Real Estate Statisics

By
Real Estate Agent with RE/MAX Inland Empire 77217

Hi ! It's BethAnn in Spokane with an update on the state of the local Spokane WA Real Estate market. This report reflects last months data, March of 2021.

There is no word strong enough to describe the crisis low inventory. The number of homes for sale is less than 15% of what we need to meet the demand. 209 Homes on the market in March? We could sell 2000! 

There are many contributing factors to the extreme lack of homes on the market. One is that builders have not even begun to build enough new homes. This creates a bottle-neck for everyone from people living in low income rental apartments to every person with the dream of home ownership. More young adults have come to the age where they want to buy, more boomers want to downsize, the list is long. Add a pandemic, and here we are.

My suggestion for someone who would like to sell their house in this high market, is to carefully consult a good Realtor who can help create solutions for you so you can achieve your goals. This INDEED is an AMAZING time to sell, and beyond a challenging time to buy. The low interest rates are a nice perk :)

See below for the latest Spokane WA Real estate statistics, and feel free to reach out if you have any questions about real Estate, or homes for sale in the Spokane area, or selling your Spokane home! 

Hang in there, and stay well !

BethAnn Long RE/MAX Inland Empire

April 2021

 

Posted by

BethAnn Long, REALTOR, CRS, e-PRO

RE/MAX Inland Empire

509-362-4607 ( cell )

e mail : bethannlong@gmail.com

 

Spokane Homes for Sale :

my website www.BethAnnHomes.com search the Spokane MLS here!

 "BethAnn in Spokane" 

 

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Comments (3)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Beth Ann,

What an excellent analysis of your marketplace, and it is always best to have a seasoned agent at one's side, when one wants to buy or sell.  A

Apr 13, 2021 12:36 PM
BethAnn Long

Hello ! I get several people a year relocating here from CA! 

Apr 13, 2021 12:53 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

BethAnn this is valuable information for both Buyers and Sellers in your area.

Apr 13, 2021 03:34 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning BethAnn! Thank you for the market report and the insights on the activity

Apr 14, 2021 07:41 AM