Spokane County Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Source: Spokane Association of Realtors - Resale only
CURRENT INTEREST RATE
© 2025 John L. Scott Real Estate
April’s economic variations, driven by tariff tensions, have spurred shifts in the stock market and interest rates, leading to emotional fluctuations that have begun to settle as we move into May. Looking ahead, May is historically the peak month for new listings, driven by families preparing for summer and wrapping up the school year. This seasonal shift brings a surge of both sellers and motivated buyers into the market. The combination of increased inventory, potential interest rate relief, and school-year transitions fuels strong sales activity and sets the stage for June closings.
April Showers Bring May Listings
Comparative Market Analysis
What determines a home’s value? Location, condition, marketing, and seller motivation all matter — but the biggest determinant is a Comparative Market Analysis (CMA). A CMA is created by reviewing active, pending, and recently sold properties comparable to a specific property, helping sellers determine their list price. Additionally, buyers can request a CMA from their buyer representative to make an informed offer. Are you in need of a CMA? Contact me today.
May 1, 2025 Source: Mortgage News Daily
6.81%
Key Market Indicators MAY 2025 (APRIL RECAP)