Synergy - Spokane

📊 The June 2026 Market Stats:

Median Home Price: Holding steady between $390,000 and $430,000. Prices are stabilizing rather than dropping, protecting current equity.

Inventory is Up: Active listings jumped nearly 20% year-over-year. Buyers have significantly more options than last summer, though we are still technically in a seller’s market at under 3 months of supply.

Mortgage Rates: Sitting around 6.5% for a 30-year fixed after a brief spring dip. Keep an eye on the June 16-17 Fed meeting for the next big rate direction.
Speed of Sale: Average days on market is hovering around 35 days. However, nearly 28% of homes are still selling above asking price if they are priced right from day one.

📍 Neighborhood Spotlight:
South Hill & Liberty Lake: Remain the tightest, fastest-moving markets with high demand.
North Spokane & Mead: Seeing a bit more inventory, creating slight price pressure and negotiation room for buyers.
West Plains: Super balanced and healthy with about 4 months of housing supply.

💡 What this means for you:
Sellers: Overpriced homes are sitting and taking price cuts. Strategic pricing, premium listing media, and seller-paid rate buy-downs are the winning plays this summer.
Buyers: You finally have breathing room to negotiate inspections and contingencies, but well-priced gems still move fast.
Have questions about your specific neighborhood or home value? Drop a comment below or send a DM to chat! 📲