Thursday, November 21, 2019 / by Andria Sanchez
Inventory on the market today is low, especially among existing homes in the entry level and mid-tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market.
The Spokane Real Estate Market is currently at a 1.2 month supply of inventory with only 133 new listings (down 18 from last week), proving to be favorable for sellers.
According to the latest ShowingTime Showing Index,
“Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.”
With inventory being one of the biggest housing market challenges today, this means it is a prime time to list your home. There is less competition, buyer demand is high – and the majority of potential buyers who are still searching for their dream home are eager, willing, and ready to buy, so maybe it’s time to list your house and make your move!
With buyer demand as high as it is today, and inventory in the entry and middle-tier markets remaining low, it’s never been a better time to move up. If you are thinking of listing your home, call Andria At Haven Real Estate Group, let’s get together to determine if now is your time to sell.
Haven Real Estate Group