• In Spokane County, the median sale price for October 2025 was approximately $430,000, representing a drop of about 2.0% compared to the same period last year.

• Homes in Spokane County sold in a median of 36 days in October, up from ~33 days a year earlier — indicating slightly slower activity.

• Active listings/inventory continue to be elevated: the total listing count in Spokane County in October was ~2,638 homes.

• Mortgage-rate environment: The average 30-year fixed rate nationally is around 6.26%, having edged up slightly in recent weeks.

• Outlook: The market is trending toward greater balance — neither buyers nor sellers have overwhelming leverage. Strategic pricing, presentation and timing are more important than ever.

Trends and Forecasts

• Buyers are gaining more negotiating room: homes that aren’t priced properly or in top condition are facing longer market times.

• Luxury or non-typical homes (acreage, high-end finishes) continue to show more variability in resale prospects and may demand more patience.

• Affordability continues to be a constraint: while rates are stable, they remain elevated compared to the ultra-low years.

• Seasonal dynamics: Heading into late fall and winter typically means more listings and fewer buyers — good presentation and smart timing will matter for sellers.

For Buyers

• Still a better time to buy compared to the frenzied market of a few years ago: fewer bidding wars, more homes to choose from, and more ability to negotiate.

• But don’t overlook the impact of higher rates: The ~6.2-6.4% range is significantly higher than the ultra-low rate era. Be sure your purchase plan accounts for current rates and payment impact.

• Consider the total cost of ownership: Beyond the purchase price, include property taxes, insurance, maintenance, future rate changes (if adjustable), and potential resale or market-time scenarios.

• If you’re targeting homes above the median band (larger size, premium finishes, acreage) expect more variability and potentially longer time to resale — factor that into your decision.

• With more inventory and less urgency, you can take your time — but avoid expecting the market to drop dramatically in price; instead focus on value, condition, and fit.

For Sellers

• Yes — there are still buyers — but the “sell fast above list with multiple offers” scenario is less common than it was.

• Pricing accurately is more important than ever: Overpriced homes are likely to linger, face price reductions, or increased negotiation.

• Presentation and marketing matter: Because buyers have choices, a well-conditioned home, strong photography, good staging and marketing strategy will give you an edge.

• If you’re not in a hurry, you might weigh timing: Listing when fewer competitors are active can help, but you’ll likely face a slower pace.

• Be ready for negotiation: Buyers are less rushed, so repair requests, closing cost assistance and contingencies may be more common — plan accordingly.