June 2023 Spokane, WA real estate statistics!
By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
The MAY 2023 stats are OUT for Spokane real estate! This month and next are the most telling for how and when the market took its turn when rates increased. May 2023 median home prices are down 8.4% from May 2022. They declined more than that, but have been making a recovery. If you are waiting to buy, one thing to consider is that when/if rates go "down" the floodgates of buyers on the sidelines will create more bidding wars, and higher prices, and $ over list price, so buying now could be wise! (You can refinance IF rates come down)AND This IS the best time to SELL your house in the Spokane area, for real. Best time of year, super low inventory! #bethanninspokane #spokanerealestatemarket #spokaneremaxagent