HERE'S YOUR WEEKLY LISTING REVIEW FOR

2611 W Broad Ave

Hi Stephen & Mackenzie,

We had 1 private showing along with an open house that welcomed 2 groups of prospective buyers. Overall, the feedback was very encouraging, with visitors commenting positively on the home's updates and overall presentation. One family toured the home for their daughter, who plans to attend college in Spokane next year, so their timeline makes a purchase unlikely at this time. The second group, a young couple, was impressed with the updates and is continuing to compare a few other homes before making a decision, though they indicated they would reach out with any additional questions. While we have not received an offer yet, the positive feedback and continued buyer interest are encouraging. We'll continue maximizing the home's exposure, following up with interested buyers, and keeping you informed of any new developments or feedback.

On the general market side of things, the Spokane housing market continues to move toward a more balanced environment as inventory remains elevated, with approximately 2.8 to 3.3 months of housing supply available across the market. Buyers have more options than they've had in recent years, resulting in a slower pace overall. Well-priced homes are still selling, but many listings are now averaging 15 to 30 days before going pending, while properties that are priced too aggressively or need updates are often remaining on the market for 60 days or longer. As a result, price reductions have become increasingly common as sellers adjust to today's more payment-conscious buyers.

Despite these changes, strong demand still exists for homes that are competitively priced and move-in ready. Updated 3-bedroom homes priced under $400,000 continue to generate strong interest and, in many cases, are selling within 5 to 7 days. Meanwhile, homes priced above $600,000, or those that entered the market above their perceived value, are generally taking longer to sell and often require one or more price adjustments before going under contract.

– Haydn