HERE'S YOUR WEEKLY LISTING REVIEW FOR

1516 E Center Rd

Hi Christy & Mike,

The local land market remains in a holding pattern with the same 4 active listings, but our position as the only fresh inventory is becoming more distinct as the other three properties cross further into that "stale" 90-day+ territory. I recall you mentioning that you wanted to start looking at some price adjustments after Spring Break; if you would still like to move forward with a reduction of around $5,000, just let us know. Regardless, we will be coming out within the next week to film some new content for the property to keep the listing looking fresh. In the meantime, I am continuing to stay in touch with the agent for the East Coast buyer; they are still on track for their early May visit, and I’m ensuring they have everything they need to keep your property at the top of their list. While the neighborhood hasn't seen a closing since January, our steady digital traffic confirms that we are the "main event" for buyers currently planning their spring moves. I’m focused on maintaining this momentum so we are ready the moment those out-of-town boots hit the ground.

As we hit mid-April, the central question is whether national inventory will soon turn negative year-over-year. Inventory growth has plummeted from a 33% peak in 2025 to just 3.21% today. While Spokane is seeing a typical local spring increase, the national trend is slowing so rapidly that some markets already have fewer properties for sale than this time last year. This shift stems from a lower 2026 rate curve and improved mortgage spreads, which are keeping rates below 7% despite the ongoing conflict in Iran (now in its 43rd day). When rates approach the 6% "sweet spot," buyers stay active and inventory thins; without current global volatility, national growth would likely already be negative.

What this means for you? The predicted "inventory explosion" is not happening; the market is tightening instead. This gives us a strategic advantage as serious buyers face fewer options. We remain focused on positioning your property as the "value choice" to capture these motivated buyers before the summer transition.

– Haydn