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Spokane's Home Inventory Crash of 2022

Haydn Halsted
Mar 7 1 minutes read

it's happened!

Inventory is already worse than last year, despite our hopes and dreams. Even many reports saying that inventory would be up this year. That's just not the case for Spokane.

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what data shows? 

New listings in the month of December, we're down 14.5% year over year, telling a 10 day supply. This is trickling into January because we saw 438 residential homes hit the market. The lack of inventory is huge factor for prices being up over 24% from this time last year. 

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Knowing what is involved financially in buying your home can help you anticipate costs, strategize expenses, and better understand the negotiation process. 

In the end, having an idea of where your money will go helps plan your next move with confidence — a feeling that’s priceless.

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