Is Spokane a good place to buy investment property?
Is Spokane a good place to buy investment property? Spokane is experiencing substantial gains when it comes to real estate investors. Being an affordable place providing great life quality, it’s among the best options for property investment. Well-established companies are also establishing their presence in Spokane, e.g., Amazon.
Will Spokane housing prices go down? “I don’t think Spokane will have a crash in prices, but I think the area is going to suffer a prolonged period of housing unaffordability,” Johnson said. The nationwide median price for all housing types in April was $391,200, up 14.8% from $340,000 in April 2021, according to the National Association of Realtors.
Is Spokane real estate market slowing down? In Spokane County, 730 single-family homes and condos on less than 1 acre sold in June, a 9.2% decrease compared to 804 homes in June 2021, according to the Realtors association. While an uptick in housing inventory is promising, buyers should anticipate the market to remain competitive.
Is now a good time to buy a house in Spokane? Spokane is currently a hot seller’s real estate market – which means that the demand from buyers is exceeding the current supply of homes for sale. Historically low-interest rates, tight inventory, and strong demand are continuing to favor sellers in the Spokane housing market.