_1.png)
According to Spokane MLS Closed Sales data for June 2025, Spokane rental sales (2+ units) remain flat, while we see a significant increase in inventory hitting the market. We are continuing towards a Buyer's Market for the mlut family sales in Spokane, WA.
June 2025 recorded 15 closed multifamily sales, showing a moderate performance compared to 22 in May 2025, indicating a month-over-month decline of 31.8%.
Sales in June 2025 were higher than June 2024, which had 14 closings, suggesting slight year-over-year growth and continued buyer interest in multifamily properties.
The drop from May to June aligns with seasonal patterns, signaling a typical early-summer slowdown rather than a market downturn.
While the closed data for 2025 isn't showing a significant deviation from previous years, what this data doesn't show is the ratio of Spokane rental properties available vs sold. We saw the amount of inventory hit the Spokane market in June 2025 outpace the sales by more than a 2 to 1 ratio. Meaning buyer's have more to choose from. With interest rates stubbornly staying 7% or more for non-owner occupied investment properties, sellers will need to offset the cost of capital by increasing CAP rates to be competitive.
