Spokane, WA home prices and housing market

In Spokane, the typical asking price is about four hundred forty thousand dollars, roughly forty-four thousand dollars above what homes are actually worth. If you are thinking about selling this year, that gap tells you a lot about how this market will treat your listing. Here is what the numbers say. The typical Spokane home value is about three hundred ninety-six thousand dollars, down about half a percent over the past year. That is basically flat, not a crash. But sellers are listing at a median of around four hundred forty thousand dollars, and buyers are not always meeting them there. About one in five listings has already taken a price cut. And homes are taking about fifty-one days to sell, so buyers have time to wait you out. Here is the catch for sellers: inventory keeps building. There are about one thousand three hundred seventy homes for sale right now, with roughly 524 new listings hitting the market this month alone. Buyers have choices, and they know it. So what should you do? Price close to what your home is actually worth from day one. In a market where values are flat and a fifth of sellers are cutting, the listings that start realistic sell, while the ones that chase the market down sit. If you want to know where your home fits in that picture, get a free home value estimate at Home Value Pros dot com.