Spokane Real Estate Market Report

Playing the Odds

One interesting real estate statistic is the “odds of selling,” which indicate the chance of a successful sale. For this Spokane real estate market report August 2018, the odds of selling are 58%. If you are a seller listing your house for sale, there’s a decent possibility that it will sell. Conversely, there is a 42% chance that it will not sell. If you’re buying a home in this market, knowing about 40% of homes aren’t selling is powerful knowledge. You can likely make an offer less than list price and get a deal.

Obviously, not every property reaches the closing table. What makes the difference? If done correctly, selling is less guesswork and more of a calculated risk. Strategy and planning are paramount, followed by pricing, presentation, marketing, market conditions, and other factors that can affect your success. A skilled agent will position your property for a successful sale by utilizing this crucial information so you can play the odds in your favor.