Thursday, November 21, 2019 / by Katrina Miller
Spokane is hitting the colder months but that does not mean Real Estate is slowing down. For the week of 11/22/19, we have about 1.2 months of inventory on the market, which hasn't really budged since summer. To have a balanced market we need around 5-6 months. We have just over 1,700 homes that are active in Spokane county with 950 homes in escrow making it a 56% pending ratio. We have 133 new homes on the market, which is 18 more than last week. With 650 homes being sold in the last 30 days we do not see the market slowing down anytime soon.
If you choose to list your home in these cold months you probably won't see a lot of multiple offer situations going on but you will definitely see a lot of serious buyers because who would want to move in the snow?
If you are interested in selling or buying please reach out to me at Haven Real Estate Group!
Katrina Jo Miller
Haven Real Estate Group