HERE'S YOUR WEEKLY LISTING REVIEW FOR

2315 W Chadwick Ln

Hi Mohammad & Kobra,

We had no showings during the first week back on the market, but the listing is receiving good online traction, which is encouraging as we continue getting the property back in front of buyers. The most recent comparable sale was 8803 N Maple St. There are currently 3 pending comparable properties in the area—8103 N Nathan Ct, 8411 N Summerhill Ln, and 8318 N Summerhill Ln—along with 7 active comparable homes competing for buyer attention. We’ll continue monitoring online engagement and showing activity closely over the next week to see whether that interest begins converting into in-person activity.

The Spokane market is different from what we’ve grown accustomed to, with more sellers competing for a smaller pool of active buyers. At a recent brokerage meeting, agents from across the Spokane market shared very similar experiences: buyers are taking longer to decide, often viewing homes multiple times and continuing to shop even when they find one they like. With mortgage rates near 7% and more options available, buyers simply have less urgency.

Patience is key in today’s market. Price adjustments can help create new activity, but sometimes the right buyer simply isn’t in the market yet. We’ll continue keeping each listing in front of potential buyers, monitoring feedback and competition, and making adjustments when the market supports them.

– Haydn