June 2023 Market Report

Hope you're enjoying the summer weather! You're probably wondering if there's been any big changes in the real estate market since our last update. Well, much of the June stats for the Greater Spokane/Coeur d'Alene area are echoing last month's trends.

The average home price is still around $412,000, a slight 3% dip compared to the previous period. Inventory continues to grow, having surged by a whopping 60%. Homes are sitting on the market for about a week on average, and a property that doesn't find its match within that time frame often takes a full month (and significant price drops) to sell.

So, what does all this mean for you?

Well, if you're a prospective buyer, there are plenty of options and less competition than before - a buyer's paradise, you might say. On the other hand, if you're looking to sell, pricing and marketing strategies are more critical than ever to stand out in this steady market.

But here's the twist: we're seeing some savvy homeowners taking steps to understand not just their home's current value, but also the future market conditions and interest rates. They're consulting with expert realtors and setting up a roadmap for the future, which we believe is a smart move. After all, understanding your home's potential can be a game-changer.

Take a look at a recent success story. We worked with a homeowner who was struggling with a previous realtor. They were about to rent out their home, feeling they couldn't get its true value. They consulted with us, we implemented our Blue Door Guarantee marketing strategy, and bingo - the home was sold in just a few days at the price they desired.

Remember, the right approach can make all the difference. Whether you're thinking of selling, buying, or just exploring, we're here to help you make sense of the market and plan your next steps. Feel free to drop us a line if you'd like to chat more about setting up a future plan or hear more success stories.

Stay cool out there,

Tyler Carlson
(509) 818-9988

P.S. Remember, each real estate journey is unique, and we're here to guide you every step of the way.

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