Spokane Multi-Family Closed Sales 2023–2025 YTD
Based on data from the Spokane Association of Realtors, Spokane multi-family closed sales in 2025 have shown strong early performance, steadily outpacing 2024. The year began with 21 closed sales in January, followed by back-to-back months of 20+ sales in February and March, indicating healthy demand in Spokane's rental investment market.
After a slight slowdown in April (17 sales), the market regained strength in May with 23 closed sales, reinforcing growing buyer confidence. Sales activity has remained stable, demonstrating a resilient multi-family sector even in the face of broader economic uncertainty.
The trend through midyear shows 2025 outperforming both 2023 and 2024 YTD, with more consistent monthly performance and less volatility. Notably, May marked the highest monthly sales figure so far, suggesting positive momentum heading into the summer months.
However, increased attention is being paid to inventory trends, as reports suggest an uptick in available properties, potentially outpacing the rate of sales. Legislative developments, including Washington HB 1217, are being closely watched as they may impact investor behavior and future supply.
The current data reflects strong YTD momentum, supported by early-year activity and rising interest in Spokane’s rental housing market. As we approach the second half of the year, all eyes are on policy changes and buyer sentiment that may influence how the multi-family sector closes out 2025.
