New Listings in Spokane

As of August 11, 2024, Spokane’s real estate market continues to evolve with several new listings attracting attention from potential buyers. The most recent data highlights a range of properties showcasing diverse architectural styles and living spaces. Below, we delve into the details of a few notable listings and provide an overview of current market trends and inventory.

Noteworthy Listings

The availability of new properties in Spokane provides a glimpse into the variety and quality of homes in the region. One of the standout listings includes a beautiful home located at 8620 E Boardwalk Ln, Spokane, WA 99212 in the Northwood area. This property features 3 bedrooms, 3 bathrooms, and a spacious 2,798 square feet of living space.

Another key listing is at 9405 N Evening Ct, Spokane, WA 99208 in the Falcon Ridge 2Nd Addn. area. This home, with 4 bedrooms and 3 bathrooms across 2,930 square feet, provides ample space for families looking to settle in a serene neighborhood. Additionally, the property at 4712 S Windward Ct, Spokane, WA 99223 includes 5 bedrooms and 3 bathrooms over 2,702 square feet, making it desirable for larger households.

Current Market Trends and Inventory Insights

The real estate market in Spokane has witnessed a noticeable shift in dynamics over the past year. Home sales activity experienced a 15% decrease in June 2024 compared to the same time the previous year. This decline signals a moderating market as the frenzied pandemic-driven buying spree calms down. Notably, the inventory has seen an uptick with around 1,260 homes listed by the end of June 2024, in contrast to 960 listings the year before.

The increased inventory represents a 2.4-month supply of homes, which, although higher than previous levels, remains low compared to a balanced market, which typically features five to six months of inventory. Additionally, the median price of homes in Spokane has risen moderately by 1.5%, reaching $415,000 as of mid-2024.

Overall sales activity in the Spokane real estate market shows a slight decline, with a 1.4% decrease in year-to-date sales compared to the first half of 2023. A total of 2,700 homes were sold in the first six months of 2024. This trend, coupled with higher mortgage rates and inflationary pressures, indicates that the market is entering a new cycle characterized by more moderated activity. For the latest updates and new listings, potential buyers and sellers should visit forsalespokane.com or consult with local real estate agents.