Buying

It seems like a great time to be a buyer in the Spokane market as you have an increasing inventory pool, declining home prices and homes taking longer and longer to sell. If you have the ability to qualify for a loan and buy right now you should really think about doing so. The Spokane market is typically low inventory and fast moving so it might be difficult to appreciate the market when rates are so high but trust me, having time and limited competition in this market is a luxury buyers rarely get. 

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Selling

If you’re a seller in the Spokane market then know that you can have a contract in 3-4 weeks if you’re priced right. The trick is pricing your home right which is difficult when prices are dropping - You don’t want to list below the market because you’re leaving money on the table but you don’t want to list exactly at market price either because the market may drop and leave you high and dry. Control what you can control, prepare your home as best you can for market. A weekend with a paint brush or just simply cleaning can genuinely set you apart from the competition. Consider staging too if you’re moved out already. That being said, with the best preparation in the world cancelled contracts are common right now as buyers are more and more sensitive to things like negative inspection findings and are unwilling to meet half way.