HERE'S YOUR WEEKLY LISTING REVIEW FOR

4118 E 29th Ave

Hi Anastacia & David,

At this time, we're still waiting for the buyer's lender to receive the bank's approval for the short sale. There's nothing needed from you at this time, we're simply waiting for the bank to complete its review and issue a decision. In the meantime, your home will remain active on the market. We'll continue accepting offers and showings while we wait for the bank's response. If we receive any additional offers or have any significant updates, we'll let you know right away.

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