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According to the Spokane Association of Realtors MLS recorded closed sales data for June 2025, we have seen a significant slowdown of sales for June 2025. While at the same time, we are seeing a significant increase in duplex inventory available. We are knocking on the door of a strong Buyer's Market for investment properties in Spokane.
Lowest Point of the Year for 2025
June 2025 recorded only 7 closed sales, making it the lowest month of the year for multifamily closings. This marks a noticeable slowdown compared to both May 2025 (16 sales) and June 2023 (16 sales).
Sharp Month-Over-Month Decline
There was a significant 56% drop in closed sales from May to June 2025, likely due to the stubbornly high interest rates and sellers trying to sell their duplexes at a low CAP rate range of 5-6%.
Below Historical Averages
Compared to previous years, June 2025 underperformed: June 2023 had 16 closings, and June 2024 had 8 closings.
With a significant increase in available inventory while at the same time seeing a slowdown in sales at a time of year we historically see strong sales activity, I am forecasting the sluggish investment market to continue until we see interest rates drop significantly.
