HERE'S YOUR WEEKLY LISTING REVIEW FOR

1516 E Center Rd

Hi Christy & Mike,

I hope you all had a great 4th of July weekend. At this point we’re not seeing any changes in the vacant land market. The most recent sale was in Wandermere Estates at the beginning of the year. It was also a third of an acre and went for $75,000. My recommendation would be to make a large reduction to a near pricing tier to attempt to see any sort of traction. This would be a move down to $150K. Let me know your thoughts and happy to have a call.

The latest economic data continues to reinforce the slower pace we're seeing in today's housing market. According to the U.S. Bureau of Labor Statistics, employers added just 57,000 jobs in June, a significant slowdown compared to the average monthly job gains seen over the past several years, which have often exceeded 150,000–200,000 jobs per month. While the unemployment rate edged down to 4.2%, the slower pace of hiring gives the Federal Reserve more room to keep its focus on controlling inflation rather than cutting interest rates in the near term. Here in Spokane, this has translated into a more balanced—and increasingly buyer-friendly—market. Homes are generally taking longer to sell, buyers have more inventory to choose from, and they're taking extra time to compare properties before making an offer. Many buyers are also becoming more price-conscious, carefully factoring in future repair or renovation costs before determining what they're willing to pay. As a result, pricing strategy and property presentation remain the biggest factors in attracting serious offers.

While the market has slowed compared to the fast-paced conditions of recent years, qualified buyers are still actively purchasing homes that are priced competitively and aligned with current market expectations. We'll continue monitoring both the local market and broader economic trends to ensure your property remains positioned to attract the strongest possible buyer interest.

– Haydn