HERE'S YOUR WEEKLY LISTING REVIEW FOR

1215 S Ray St

Hi Misty,

There are no new changes to report this week, as market conditions for vacant land in the Spokane area remain consistent. Buyer activity continues to be limited, with ongoing hesitation around raw land purchases compared to more active residential segments, and timelines to sell remaining extended across the county. We are continuing to maintain full exposure for your listing across all marketing channels and monitoring the market closely, but there has been no meaningful shift in demand or activity at this time. We understand the continued lack of movement can be frustrating, and we remain focused on positioning the property effectively while waiting for the right buyer to enter the market. We’ll keep tracking trends and will update you immediately if anything changes.

This past week, economic data showed that inflation ticked higher in May, reaching its highest level in nearly three years. While higher inflation can keep pressure on borrowing costs, declining oil prices may help ease some inflationary pressures in the months ahead, which could provide a more favorable environment for buyers over time. Mortgage rates continue to fluctuate as markets react to these economic indicators, and many buyers remain careful and deliberate in their purchasing decisions.

On the housing side, new home sales declined to their second-lowest level in nearly four years, reflecting the cautious pace we're seeing across many segments of the market. Buyers are still active, but they're taking more time to evaluate properties, compare options, and ensure they're receiving strong value before making an offer. We'll continue monitoring both local market trends and broader economic conditions closely and will keep you informed of any developments that could impact your home's position in the market.

– Haydn