HERE'S YOUR WEEKLY LISTING REVIEW FOR

4118 E 29th Ave

Hi Anastacia & David,

We’re continuing to receive consistent feedback that aligns with what we’ve seen from previous showings. The main challenge is not the price, but rather buyers’ perception of the amount of work the home may require. Concerns continue to center around deferred maintenance items and other cosmetic updates. In today’s market, many buyers are gravitating toward homes that are move-in ready and require little to no immediate repairs or modifications. As a result, we’re finding that buyers who see the home’s potential are often hesitant to take on the additional projects they anticipate.

I also met with a roofer at the property and will be calling you both to discuss how we want to proceed moving forward.

One of the most consistent themes we’re seeing right now is buyer sensitivity to price. Across multiple listings, buyers are frequently commenting that homes feel “a bit high” relative to what else is available, especially as inventory has expanded. Inventory in Spokane remains elevated, with homes averaging about 30–45 days on market, reflecting a noticeably slower-moving market compared to recent years. Median home prices are generally holding in the mid-$350Ks to low-$400Ks depending on the data source, with slight year-over-year softening in some segments. With more choices on the market, buyers are taking longer to decide and are becoming more demanding in terms of condition, updates, and overall value before moving forward. We’re also seeing this behavior reflected in our own buyer clients, who are taking more time to compare multiple properties and carefully evaluate whether a home truly justifies the price before committing.

– Haydn