Spokane Real Estate Market Update 2023

Is the Spokane Housing Market Still a Goldmine? Here's What You Need to Know

Hello, I'm Tyler Carlson from Carlson & Co Real Estate, your go-to source for real estate insights in Spokane and Coeur d'Alene. Today, we're diving deep into the latest market trends that could significantly impact your next real estate move.

The Numbers Don't Lie, Or Do They?
The average sales price for a home in Spokane currently stands at $435,000, mirroring last year's average. However, despite these stable prices, we've seen a 40% drop in total sales since August 2021 due to soaring interest rates. So, what does this mean for you?

The Seller's Perspective
If you're looking to sell, you might think it's business as usual. Homes are still fetching about 99% of their asking price, and some are even exceeding that. But don't be fooled by these surface-level stats. Spokane is a complex tapestry of unique neighborhoods, each with its own market dynamics. We're in the trenches daily, ensuring our clients understand these nuances.

The Changing Landscape
As we moved into 2023, the market saw a surge in available homes. However, we're now transitioning into a market characterized by lower demand and fewer available homes. This trend is likely to keep home values stable until interest rates drop and new construction picks up.

Opportunities and Pitfalls
In this evolving landscape, opportunities are everywhere—if you know where to look. Our clients count on Carlson & Co to tap into our extensive network to find those hidden gems that never make it to mainstream sites like Zillow.

The New Normal
Gone are the days when sloppy pricing and lackluster marketing could slide. With our proven 'Blue Door Marketing Campaign,' we're changing the game.

Conclusion
Whether you're buying or selling, the market is full of possibilities and pitfalls. Don't navigate it alone. Reach out to us at Carlson & Co for personalized guidance tailored to your unique needs. If you found this update valuable, feel free to connect with us for more insights. Until next time, take care!

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