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         Go Spokane Real Estate

Go Spokane Real Estate

Welcome to Go Spokane Real Estate where you will find up to date information on Spokane real estate. Here you will find valuable resources whether you are looking to buy or sell a home in the Spokane area.

If you are looking at homes for sale in Spokane or the surrounding area, you can search the Spokane MLS. You can use your own custom search criteria or the home search map feature. I teach a home buyer education class in Spokane where you can learn more about the home buying process including home mortgage and many different home loan programs available.

If you own a Spokane home that you are considering selling, you will find information to help decide if now the right time to sell. Here you will see the latest statistics regarding the Spokane real estate market. There is also information that will help you price your home correctly and understand the importance of a good marketing plan.

Spokane Real Estate Market

May 2017

The Spokane real estate market regained its momentum in May. Seasonally it is typical for the Spokane area home sales to see an increase starting about March and running through July or August. April was an anomaly with its seasonal decrease in closed sales. Additionally, April showed a decrease in sales month over month compared to the previous two years.

Spokane real estate market number of closed sales last month

The dip in closed sales was not because there was a lack of buyers, but because there was a lack of inventory. The grocery store will have a drop in potato sales when they run out of potatoes. They will also have a drop in potato sales if they just run low on potatoes but the remaining potatoes are the expensive potatoes. When potatoes run low, shoppers will pick through the potatoes to find the good ones and soon all you will have is bad overpriced potatoes. Ok, I think you get the point.

Spokane real estate market active listings

As the housing market inventory in Spokane continues to recover, the number of closed sales will continue to rise. The market is still very active and there are still a lot of buyers looking for homes. The deals that get signed around now will be closing the end of July through the end August.

Spokane real estate market average sale price

The median price home market in Spokane will continue to be strong throughout the rest of the season. The market for higher end homes is also improving and will continue to do so. Homes costing a half million dollars in Spokane can't expect to sell in less than a week with multiple offers but high end homes that are priced correctly will sell relatively quickly.

Spokane real estate market median sale price

Distressed home sales; short sales and foreclosures, account for 5% of total closed sales last month. This is the lowest it has been in 10 years. This is good news for both buyers and sellers.

written by:

The Lower Spokane Falls and the Washington Water Power building