HERE'S YOUR WEEKLY LISTING REVIEW FOR

1516 E Center Rd

Hi Christy & Mike,

The biggest factor continuing to impact activity is the overall pace of vacant land sales across the Spokane area, where buyers are currently very selective and hesitant on raw land compared to residential properties. We’re operating in a market where vacant parcels are commonly taking 90–120+ days to sell, and in many cases even longer depending on location and utilities. At this time, we have not seen showings or nearby sales activity, which is consistent with the current low inventory of active land buyers. Please know your listing is being fully exposed across all available channels—we are simply working within a very limited buyer pool at the moment. We’ll continue monitoring the market closely and will reach out right away if we see any shift in momentum or interest.

General Update: We are seeing a clear shift in market conditions where homes are generally sitting longer and inventory levels are higher than we’ve seen in recent years. Nationally and locally, the market has moved away from the fast-paced environment of prior years into a more selective, price-sensitive phase where buyers are taking more time and being more cautious with decisions. Current data also shows that homes are staying on market longer, with many areas trending toward extended days on market as buyers regain leverage and act more deliberately rather than urgently. That said, there are some encouraging signs emerging. Recent geopolitical developments and easing uncertainty in global markets have already contributed to positive movement in financial markets, including the 10-year Treasury yield. If these trends continue, they could help ease mortgage rates and improve buyer activity and affordability in the coming months.

For vacant land specifically, the market has become even more selective, with listings commonly taking around 120 days or more to sell depending on utilities, access, and development readiness. Across all segments, the strongest demand continues to be for properties that are move-in ready or income-ready—residential homes that require minimal work, rental properties that can immediately generate strong ROI, and land parcels that are build-ready with utilities or clear development potential. In today's environment, investors in particular are becoming increasingly selective, prioritizing opportunities where returns are more immediate and risk is lower, which continues to shape buyer demand across the market. While conditions remain challenging in some segments, any improvement in financing conditions could help bring additional buyers back into the market.

– Haydn