HERE'S YOUR WEEKLY LISTING REVIEW FOR

2611 W Broad Ave

Hi Stephen & Mackenzie,

Last week, we had 1 private showing and received encouraging feedback. The buyers shared that your home was one of their favorites among the properties they toured that day. At this point, they are just beginning their home search in the Spokane area and are not yet ready to make a purchasing decision, so their timeline is still in the early stages. On the market side, there were no comparable properties that sold over the past week, while 4518 N Walnut St went pending, indicating that buyers are still active in the area when the right opportunity comes along. We'll continue maximizing your home's exposure, following up with interested buyers, monitoring comparable market activity closely, and keeping you informed of any new developments or buyer interest.

On the general market side of things, there were several positive economic updates this past week that are worth watching. The Federal Reserve chose to leave interest rates unchanged for the fifth straight meeting, while inflation continued to improve, easing from 4.1% to 3.7%. Although inflation is moving in the right direction, it's still above the Fed's long-term goal, so mortgage rates are likely to remain somewhat elevated for now. The encouraging news is that home prices across the country continue to rise, with national data showing steady appreciation throughout the spring. Even in a market where buyers have more choices and are taking longer to make decisions, well-priced homes continue to hold their value.

For sellers, the biggest takeaway is that today's market is healthy, but buyers are more selective than they were a few years ago. Many are carefully comparing homes, considering monthly payment affordability, and taking more time before submitting an offer. That's why pricing competitively and presenting your home in its best possible condition remain as important as ever. We'll continue monitoring both the local market and broader economic trends, adjusting our strategy when needed, and keeping you informed of anything that could impact your home's position in the market.

– Haydn