Market Intelligence Report — WA-060

Spokane-Spokane Valley, WA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WA-08
As of the latest 2026 data
Cooling

Median Listing

$490K
-2.0% YoY

Pending Ratio

0.38
-1.3% YoY

Active Inventory

2,391
+8.2% YoY

Median DOM

52 Days
+18.2% YoY

Primary Intelligence Tool — Sold Score™

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The Spokane-Spokane Valley market exhibits cooling dynamics, characterized by a pending ratio of 0.38, indicating that demand absorption is below active supply. The median listing price has declined by 1.6% month-over-month and 2.0% year-over-year, reflecting reduced pricing power. Active listings have expanded by 8.2% over the past year, contributing to increased inventory pressure.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.5%-0.7 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

608,012+0.6% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Spokane-Spokane Valley market right now.

Active listings have increased by 8.2% year-over-year, contributing to an expanding supply environment. Concurrently, new listings saw a modest year-over-year contraction of 1.0%, while pending listings registered a year-over-year decline of 1.3%. The median days on market has risen by 18.2% year-over-year to 52 days, pointing to a slower pace of transactions. Median listing prices have experienced both month-over-month (-1.6%) and year-over-year (-2.0%) declines.

Historical Analysis

Market Trends

Median Price

$490K-1.6% MoM

Active Inventory

2,391+8.2% YoY

Days on Market

52+18.2% YoY

Sold Score™

53-1.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

53
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

In the current environment, buyers are experiencing increased time for property evaluation due to the expansion of active listings and longer median days on market. The decline in the pending ratio to 0.38 suggests that demand absorption is not keeping pace with available supply, potentially leading to more deliberate negotiations and greater price discipline from sellers. This trend indicates a market where purchasing decisions are less hurried, and inventory levels are providing more options.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

2,391 active listings represent the current floor, with new supply arriving at roughly 796 per month.

Pricing Pressure
20.0%

of active listings carry a price reduction, -2.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.6% year-over-year.

Absorption
0.38

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Spokane-Spokane Valley, WA? Homes here are taking 8 days longer to sell than last year.

Buyers have leverage in Spokane-Spokane Valley, WA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
38%
Median Days on Market
52 days
Inventory YoY
+8%

In a buyer's market, strategy beats timing. See how your home scores in Spokane-Spokane Valley, WA and what moves the number.

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Metro Demographics

Metro Area
Spokane-Spokane Valley, WA
CBSA Code
44060
State
WA

ZIPs in Spokane-Spokane Valley, WA

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