Thursday, December 19, 2019 / by Jody Lee
Spokane Real Estate update the week of December 20, 2019.
We are still seeing a low inventory of 1.5 months for Spokane County. This is a market that is still favoring the sellers. A balanced market would have 5-6 months inventory.
The number of new active listings this week is 82, and the number of new listings is also down by 20. There are a total of 1476 Active listings, 834 are in Escrow. We are still in a strong sellers’ market, with such a low inventory of new homes coming on the market.
In the last 30 days, 559 homes sold and in the previous 30 days 691.
We just received a few inches of snow and are expecting more over the holidays. There may be a slight slow down in who is eager to get out and look at homes this week, but anyone who is still house hunting is certainly serious and on a hunt for their home. If you are looking, just remember it may take a little longer with the low inventory and don’t settle. Find your dream home.
Selling your home during the winter months in this sellers’ market won’t guarantee a quick sale with multiple offers as we saw during the spring and summer. With the low inventory, there are fewer buyers. You can still sell your home quickly and at a great price with an agent who can help you with the process.
With one week left of the Holidays, please get out and see all the festive displays, the lights and decorations that people and businesses have put out for everyone enjoyment. This is a magical time of year to enjoy with family friends, and loved ones.
We may be getting more snow to cover our ski hills that we have close by and open up a few more runs. If you have some time get out and enjoy a day on the hills, either skiing snowboarding or sledding. You can even have a great day in the lodge watching the snow fall.
Spokane is continuing to grow by leaps and bounds I expect the Spokane market is going to keep growing right along with it.
If you would like more information please give me a call, I’d love to sit down with you and help you sell your home.
Haven Real Estate Group