Home Prices in Spokane, WA

Home Prices in Spokane

For my super fans who watch my YouTube channel (thanks! 😉), this might sound a little familiar… I said these exact words about 8 months ago in February, before all the craziness happened.

But I thought the content was good and still applicable! Currently, our average price in Spokane just fell below $400,000 for the first time in over 8 months. That’s down about 12% from our peak in June/July.

That’s a pretty sharp decline but we are still up 5.6% from this time last year. So until we see a year-over-year decline in home prices, we’re still doing okay—just not printing as much money as we had hoped. The point I want to make is that we should think of real estate like any other investment.

Real Estate is an Investment.

We should think of real estate like any other investment—there will be ups and downs, but overall it is a solid long-term investment. Right now, home prices are down but they will rebound eventually. If you are thinking of buying a home, now might be a good time to start looking because there are some great deals out there!

Of course, you always want to consult with a professional before making any major financial decisions and remember that real estate is a long-term investment. If you are patient and ride out the ups and downs, you will eventually come out ahead!

Though home prices are down right now, they will rebound eventually. If you are thinking of buying a home, now might be a good time to start looking because there are some great deals out there! Just remember that real estate is a long-term investment—if you are patient and ride out the ups and downs, you will eventually come out ahead!