Key takeaways about where we are in the market today, based on the Spokane rental property Closed Sales data (Source: Spokane Association of Realtors):
- October 2025 recorded 18 closed sales, which is a decrease from September 2025 (26 sales), showing a notable month-to-month decline of 8 sales.
- Compared to October 2024 (21 sales), 2025 is down by 3 sales, indicating a slight year-over-year decrease.
- However, 2025 still outperformed October 2023 (23 sales) by 5 fewer sales, suggesting a downturn relative to the previous two years.
- Despite the drop in October, 2025 overall remains strong, with most months (Feb–Sep) showing higher or competitive figures compared to 2023 and 2024.
- The October 2025 decline may mark the start of a seasonal slowdown, consistent with the pattern seen in late-year months for 2023 and 2024.
