HERE'S YOUR WEEKLY LISTING REVIEW FOR

4118 E 29th Ave

Hi Anastacia & David,

We had 2 private showings over the past seven days, but neither generated interest from the buyers. On the current transaction, the appraisal has been completed and we have now been assigned to our short sale liquidator. We expect to receive additional updates this week as they review the file and move forward with the next steps. We’ll keep you posted as we receive more information.

Here's where the market stands. Mortgage rates hit their high for the year this month. Freddie Mac's weekly 30-year average rose to 6.95%, and daily rates from lenders have crossed 7%, the highest we've seen since January 2025. Spokane is holding steady but buyers have gotten more price-sensitive. The data shows our median sale price at about $375K, down 1.7% from last year. Homes are selling in a median of 22 days, and about 41% of listings have had a price reduction.

Looking ahead, Fannie Mae and the Mortgage Bankers Association both forecast rates of about 6.7–6.8% through year-end and into 2027. So they aren't expecting much relief, and forecasts can change quickly. What that means for you: buyers are still out there and still closing, but they're watching their monthly payment closely and comparing homes carefully, so pricing and presentation matter more right now. Let me know what questions you have.

– Haydn