HERE'S YOUR WEEKLY LISTING REVIEW FOR

2018 E 30th Ave

Hi Lynn & Olivia,

We had 3 private showings last week, along with strong turnout and positive feedback from both weekend open houses. Overall buyer response has been encouraging, and our online presence continues to perform very well. We did receive an offer, which should be in your inbox for your review. We’ll continue to monitor activity and keep you updated on any new interest or feedback.

This slower pace is the new normal in Spokane and isn't a reflection of your property. The market shift is primarily driven by higher mortgage rates, currently hovering around 6.0% to 6.11%. This drop in purchasing power means today's buyers are much more cautious, highly selective, and no longer willing to overbid or waive inspections.

Additionally, active inventory has increased to a 3-to-4-month supply (almost 1,700 active listings). With buyers having more options to choose from, the fear of missing out has disappeared. Consequently, the average time to sell a home in Spokane has increased from just two weeks to between 45 and 60 days or more. Achieving a successful sale today requires highly accurate pricing from day one and a healthy dose of patience.

– Haydn