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Spokane Real Estate Market Update for Summer 2014- Market Heating up for Sellers
Manage episode 156352696 series 1186134
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Looking to buy or sell a home in Spokane or Coeur d'Alene? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation to see what buyers will pay for your home in today's market. You may also call us at 509-467-HOME(4663) for a FREE home buying or selling consultation.
Spokane Real Estate Market Update - Summer 2014Thanks for taking a moment to watch this short video update. We'll be educating you on what is happening in your local real estate market, which includes Spokane, Coeur d'Alene, and Northern Idaho.
- In these three markets we have a shortage of inventory. This means that we have more buyers right now than we have homes to sell.
- This also puts us in a seller's market. This means that home sellers are at an advantage because their properties are in high demand and they can ask a higher price for their home.
- There has also been a 10% appreciation in home prices, and this is very common with a low inventory. When demand for homes is greater and inventory is low, prices inevitably go up.
If you're looking to sell your home in Spokane or Coeur d'Alene - right now is a great time. If you need any help with this process, don't hesitate to contact us via phone or email. We're always willing to help!
Also, if you're thinking about buying a home in Spokane, Coeur d'Alene or Northern Idaho, please let us know and we would be glad to meet with you and discuss your needs.
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