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Key takeaways about where we are in the market today, based on the Spokane rental property Closed Sales data (Source: Spokane Association of Realtors):
- 2025 sales declined sharply in November, dropping to 11 units, down from 21 units in October, one of the steepest month-to-month decreases in the 2025 trend.
- November 2025 sales underperformed both previous years, coming in slightly below 2023 (9 units) but far below 2024’s strong performance of 20 units.
- November 2025’s figure marks the lowest monthly sales since April 2025, indicating a clear seasonal or market-driven slowdown heading into year-end.
- The gap between 2024 and 2025 is significant, with 2024 outperforming 2025 by 9 units, signaling stronger market activity in the prior year.
- Overall market momentum weakened in late 2025, as November continued a downward trajectory from September’s peak of 27 units toward the year’s lowest levels.
