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Home Sales Flat, Real Estate Market Brightens in Idaho-Washington

Home Sales Flat, Real Estate Market Brightens in Idaho-Washington

Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!

February 27, 20261m 32s

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Show Notes

Home sales remained steady in 2025 across Kootenai County, Idaho and Spokane County, Washington, despite affordability challenges. Strong job growth, rising wages, and falling mortgage rates in Idaho point to a brighter real estate market. Idahos construction jobs and newcomers from Washington, Oregon, and California have driven wage growth, surpassing the national average. In Washington, job increases focused on education and healthcare, while both states enter uncertain times with solid economic foundations. Affordability remains a major hurdle, with housing costs consuming a significant portion of income. Building permits for single-family homes in Spokane County decreased, shifting towards apartments. Experts emphasize the need for more affordable inventory to help millennials buy homes.

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