HERE'S YOUR WEEKLY LISTING REVIEW FOR

3706 S Alder Cir

Hi Lindsay,

We have not had any showings or new buyer feedback, and activity within the community remains quiet overall. The same three condos continue to be actively listed, with your property remaining the highest-priced of the group. However, your condo continues to stand out with its updated finishes and move-in-ready condition. We have continued monitoring activity on the competing listings, and there has been no meaningful increase in buyer interest, indicating that the slower pace is consistent across the community rather than specific to your property. We will continue maximizing your home's exposure across all marketing channels, closely monitor the local market and competing listings, and keep you informed immediately of any new showings, buyer feedback, or significant market developments.

On the broader economic side, June brought some encouraging news as inflation eased, with the Consumer Price Index (CPI) declining 0.4% from May, largely driven by a 5.7% drop in energy prices. While this is a positive step toward improving overall economic conditions, it has not yet translated into a meaningful increase in buyers' purchasing power. Mortgage rates continue to hover in the mid-to-upper 6% range, and higher borrowing costs are still limiting how much many buyers can comfortably afford each month. Nationally, existing home sales declined 2.4% in June, highlighting that affordability remains one of the biggest challenges facing today's buyers.

Here in the Spokane area, we're seeing those same affordability challenges reflected in buyer behavior. Inventory has grown substantially, with more than 3,600 active listings currently available across the MLS and nearly 1,500 new listings added in May alone. Buyers simply have more options than they have had in several years, allowing them to be much more selective and patient before making a decision. Instead of stretching their budgets, many are focusing on homes that offer the strongest overall value, balancing price, condition, location, and anticipated future repair or renovation costs.

– Haydn