HERE'S YOUR WEEKLY LISTING REVIEW FOR

4305 S Bernson Ln

Hi Rob & Lori,

This will be the last Tuesday update we send your way with the property coming off the market next week. We did hear from the buyers that were previously interested and their agent said that they decided not to move forward. He was surprised and thought they would so maybe they’ll come back around but not at this moment. We have a buyer we may potentially show it to later this week, we’re just waiting to confirm with him. Otherwise 4219 S Bernson did accept a contingent offer this week. I do think the biggest thing we are needing is the buyer that is okay with the lot positioning as you were when you bought the house. 4219 had a nice backyard and was pushed off the street a bit and that was enough to demand the higher price point. Wishing you the best with your surgery and will let you know if someone happens to come around!

The latest economic data continues to reinforce the slower pace we're seeing in today's housing market. According to the U.S. Bureau of Labor Statistics, employers added just 57,000 jobs in June, a significant slowdown compared to the average monthly job gains seen over the past several years, which have often exceeded 150,000–200,000 jobs per month. While the unemployment rate edged down to 4.2%, the slower pace of hiring gives the Federal Reserve more room to keep its focus on controlling inflation rather than cutting interest rates in the near term. Here in Spokane, this has translated into a more balanced—and increasingly buyer-friendly—market. Homes are generally taking longer to sell, buyers have more inventory to choose from, and they're taking extra time to compare properties before making an offer. Many buyers are also becoming more price-conscious, carefully factoring in future repair or renovation costs before determining what they're willing to pay. As a result, pricing strategy and property presentation remain the biggest factors in attracting serious offers.

While the market has slowed compared to the fast-paced conditions of recent years, qualified buyers are still actively purchasing homes that are priced competitively and aligned with current market expectations. We'll continue monitoring both the local market and broader economic trends to ensure your property remains positioned to attract the strongest possible buyer interest.

– Haydn