Nov. 2022 Spokane, WA. real estate market statistics

By
Real Estate Agent with RE/MAX of Spokane 77217

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

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 (2)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello BethAnn and thank you for sharing this great information with us here in the Rain.  Make it a great day!

 

Nov 10, 2022 08:00 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

this sentence is so true-- and it means people are always moving, no matter the market

Some people choose to sell/but based on market conditions. But most people move for personal or professional reasons.

Nov 10, 2022 08:59 AM