HERE'S YOUR WEEKLY LISTING REVIEW FOR

613 W Knox Ave

Hi Tyler,

Currently there are 10 other triplex/fourplex properties listed within a 1 mile radius of your property. There are 2 pending. One is a 4 unit building at 914 W Mansfield and the other is a 3 unit building at 515 E Carlise. I reached out to the agent on Mansfield to ask what they went pending at. They've been on the market for 66 days and are pending at $435,000 with an advertised rental rate of $4075. The units look to be in very good shape. Using the same rent to sales price ratio, this would put you at a sales price of $412,155. Carlisle was part of a 32 unit package and looks to be a newly remodeled building so the rent to price ratio is much higher.

As we hit mid-April, the central question is whether national inventory will soon turn negative year-over-year. Inventory growth has plummeted from a 33% peak in 2025 to just 3.21% today. While Spokane is seeing a typical local spring increase, the national trend is slowing so rapidly that some markets already have fewer properties for sale than this time last year. This shift stems from a lower 2026 rate curve and improved mortgage spreads, which are keeping rates below 7% despite the ongoing conflict in Iran (now in its 43rd day). When rates approach the 6% "sweet spot," buyers stay active and inventory thins; without current global volatility, national growth would likely already be negative.

What this means for you? The predicted "inventory explosion" is not happening; the market is tightening instead. This gives us a strategic advantage as serious buyers face fewer options. We remain focused on positioning your property as the "value choice" to capture these motivated buyers before the summer transition.

– Haydn