What Are Spokane Valley Buyers and Sellers Doing Right Now? Noah & Jill's November 2026 Market Check-In

By Noah Ullah & Jill Larsen · Spokane Best Home Living, powered by Epique Realty · November 10, 2026

Quick answer: Spokane Valley buyers spent election week worried about rates, and by the end of the week those who need to move were back out shopping. Freddie Mac's 30-year average was 7.18% on Nov 5, its third weekly decline in a row. Sellers who price off today's comps are making real adjustments to win buyers. Sellers who price off last summer, or off a fully updated neighbor's house, are sitting. Countywide, October's median sale price was $425,000 with about 3.6 months of supply, according to Spokane REALTORS. Buyers have choices, and well-prepared, realistically priced homes still sell.

Every week we sit down and talk through what we're actually seeing with the buyers and sellers we work with. On Sunday evening, Nov 8, we filmed our "This Week in Real Estate" conversation for Nov 4–11. This post shares what we said, with the verified numbers beside it, so you can make your own call with clear information. We aren't predicting anything here. We're telling you what we're seeing.

What are buyers doing this week?

Noah: "The beginning of the week started out with buyers super apprehensive." With the Nov 3 election, a lot of people were afraid rates would jump, or were waiting to see if they'd drop, whichever way the election went. "What we found out at the end of the week is that interest rates kind of stayed the same."

Noah's read is that rates have settled into a range "we're going to be here for a while." So the buyers who were sitting on the fence but need to buy are the ones out shopping right now: people moving to Spokane, and people who've had "a dream of not paying rent anymore." In Noah's view, rent is still higher for many people than owning their own home, even at today's rates, and historically "the interest rate is still great."

Jill added that many buyers are still indecisive: "They want to buy, but their ideas are unrealistic, maybe." Noah also noticed that many buyers feel the seller is trying to take advantage of them, and worry they're paying too much.

What do the verified rate numbers say?

• 30-year fixed: 7.18% average as of Nov 5, 2026, down from 7.24% the week before. It's the third straight weekly decline. A year ago it was 6.22% (Freddie Mac PMMS).
• 15-year fixed: 6.57%, down from 6.60% (Freddie Mac PMMS).
• That fits what we saw: rates eased slightly instead of spiking, and the 30-year sits in the low 7s. Freddie Mac publishes its next weekly figure on Thursday, Nov 12. Your own rate depends on your credit, down payment and loan type, so get a real quote before you decide.

What are sellers doing this week?

Noah: "I am seeing two things."

1. The motivated, realistic seller. This seller has a goal. They look at the market as it is, study the comps, and adjust. "What would have sold this summer at a certain value is now proving that that is not the value of this fall or winter." Noah says he's seeing sellers make price adjustments of "20, 30, 40, 50, 60, $70,000 to bring the buyer into their home." That's the range we're seeing in our own conversations, not a market statistic. Noah notes that we've been very price-conscious with our own sellers too.

2. The unrealistic seller. On the flip side, Noah is seeing "a large amount of sellers that are unrealistic." Some of them haven't done maintenance "in maybe forever," but they price off neighbors' homes that are in great condition. They list against their agent's advice, and then they get frustrated. His take: those sellers are likely to end up selling for "far less than the sellers that are making those adjustments up front."

"The hard decisions right now are the decisions that win. The easy decision of lying to yourself is the one that loses." (Noah)

"Just bring me the cash buyer"

Jill described a common theme this week. Sellers say: "I want money for my house right now," but "I don't want anyone coming in my house," and the only photos buyers get are the ones the seller posts. Some sellers don't want to pay a Realtor at all. They want someone to "bring them the buyer that has cash in hand." Noah summed it up: both buyers and sellers feel the other side is trying to take advantage of them. Jill agreed: "100 percent."

If a quick, simple sale really is your top priority, you can explore a cash offer and compare it side by side with a traditional listing. Seeing both options, with no pressure either way, is usually what takes the "someone's taking advantage of me" feeling out of it.

Why does the "number in your head" cost sellers money?

Jill: Sellers with deferred maintenance often believe their house is worth far more than it is. "If it's worth 350, they know it's definitely a 450." What's behind the extra hundred grand? "It's the number in their head."

Noah gave an example of how that happens. A seller saw a similar neighborhood home sell for around $450,000 a year ago, but the market has changed, and comparable homes in that area might now sell for something like $365,000 to $375,000. Four or five years ago, people were getting multiple offers, "and they think we're in the same market." Jill added the other half: even when their house isn't at the same level as that neighbor's house was, "they know it's got to be worth that."

(Those dollar figures were Noah and Jill's illustration of the mindset, not data from a specific sale.)

What the countywide numbers show

• October 2026, Spokane County (single-family homes on less than one acre, plus condos): 434 closed sales, down 11.6% from October 2025. The median closed price was $425,000, up from $420,000 (+1.2%). Inventory was 1,566 homes, and months of supply rose to 3.6 from 3.2 a year earlier (Spokane REALTORS Market Activity, October 2026).
• Spokane Valley areas: In the same report, October median close prices in the three busiest Valley MLS areas were $446,250 (area 110), $442,500 (area 112) and $411,250 (area 140) (Spokane REALTORS).
• In plain terms, prices are roughly flat to slightly up year over year. There's more supply than last fall, and buyers can be choosy, which is why condition and pricing matter so much right now. Every home and neighborhood is different, so a real comp check beats any average.

What should a seller fix before listing this fall?

Jill's advice for the seller who's priced above the neighborhood: catch up on deferred maintenance. Have the HVAC serviced, replace that carpet that's "probably 30 years old," do some real yard care, and fix the things that are broken. Focus on the work that won't cost a ton of money but matters, "for the photography alone." Then think honestly about whether a buyer will choose your home over the one across the street that was rehabbed and kept up. "You can't compare the two."

Noah's advice for the seller who doesn't want to spend much:

• Start outside. "First look at the yard." Get a rake, clean things up, maybe trim some trees, and do some exterior work.
• If you're willing to spend a little, get a pre-listing inspection. Noah suggests hiring a home inspector to go through the home before you list. Hearing what's wrong from a neutral inspector "might actually motivate them to get some things done, especially if they really want to sell their house." Local inspectors publish their prices. Two Spokane-area companies list about $400 for a typical home up to roughly 1,500–2,500 sq ft, with more for larger homes (Superior Home Inspections · Best Home Inspections). Get a quote for your home.

What does this mean for you?

• Buyers: If you need to move, you don't have to wait for a perfect rate. Get pre-qualified, compare homes on condition as well as price, and keep your wish list realistic. Ask about down payment assistance and browse current Spokane Valley homes.
• Sellers: Price off today's comps, not last summer's. Fix the inexpensive things that show up in photos, and consider a pre-listing inspection so there are no surprises. If convenience matters most, compare a cash offer with a traditional listing.
• Both: Most people on the other side of the deal aren't trying to take advantage of you. They're nervous too. Clear information on both sides makes the deal go better.

This Week in Spokane Valley (Nov 10–16, 2026)

Here's what's happening around the Valley and greater Spokane County this week. Everyone's welcome. Please confirm times and tickets with each organizer before you go.

Veterans Day (Wed, Nov 11)

• Wed, Nov 11, 10 a.m.: Veterans Day Ceremony, Resource Fair & Food Distribution at Numerica Veterans Arena, 720 W Mallon Ave. The indoor ceremony is expected to wrap up shortly after 11 a.m. Afterward, Second Harvest holds a free drive-through food distribution for veterans and military families while supplies last (Numerica Veterans Arena · WDVA). Our searches found no Spokane Veterans Day parade listed for 2026. The arena ceremony is the main countywide observance.
• Wed, Nov 11, 11 a.m.–5 p.m.: Free Looff Carrousel rides for active and former military members, plus one companion, at Riverfront Park (Riverfront Spokane).
• Wed, Nov 11, 5 p.m.: Community Days honoring veterans in the Chase Gallery at Spokane City Hall, 808 W Spokane Falls Blvd, with local veterans organizations and refreshments (City of Spokane).
• Closures on Nov 11: All Spokane County Library District branches, including Spokane Valley, are closed (SCLD hours). Spokane County offices are closed too (Spokane County). In the City of Spokane, street parking meters are free, though time limits still apply (City of Spokane).

City council & county meetings

• Tue, Nov 10, 6 p.m.: Spokane Valley City Council at City Hall, 10210 E Sprague Ave (or via Zoom). On the agenda: Veterans Day and Native American Heritage Month proclamations, and Resolution 26-015 on the Multifamily Tax Exemption (MFTE) residential targeted area, which also sets a hearing for Ordinance 26-012. That one matters for future housing supply. There's also the Tourism Promotion Area's 2027 budget (Nov 10 agenda).
• Looking ahead, Tue, Nov 17: The Council's third and final public hearing on the 2027 city budget, with adoption expected that night. The draft includes about $9.3 million for pavement preservation and $12.8 million for railroad grade separation (Council recap).
• Tue, Nov 10, 2 p.m.: Spokane County Commissioners public hearing on a new service-area map for residential recycling collection in unincorporated Spokane County. If adopted, it takes effect Dec 1. The hearing is at 1026 W Broadway Ave or by phone/Zoom (public notice · BoCC agendas).
• Wed, Nov 11, 6 p.m.: Spokane City Council legislative meeting, which goes ahead on the holiday (City of Spokane).

Sports

• Fri, Nov 13, 6:05 p.m.: Spokane Chiefs vs. Everett Silvertips at Numerica Veterans Arena. It's Coeur d'Alene Casino Native American Heritage Night (Numerica).
• Sat, Nov 14, 12:30 p.m.: Gonzaga men vs. LSU at Numerica Veterans Arena (Bad Boy Mowers Series), with doors at 11 a.m. The Zags are 2–0 (GoZags).
• Eastern Washington football plays at Utah Tech on Sat, Nov 14. The Eagles' next home game at Roos Field is Nov 21 vs. Portland State (GoEags).

Concerts, theater & movies

• Tue, Nov 10, 7 p.m.: Nekrogoblikon at the Knitting Factory, 919 W Sprague Ave. Also at the Knitting Factory: Joanne Shaw Taylor (Thu, Nov 12, 8 p.m.) and Foy Vance (Sat, Nov 14). Todd Rundgren plays the Bing Crosby Theater on Mon, Nov 16 (Knitting Factory).
• Thu, Nov 12: Young Artists Celebration Concert, with the Spokane Symphony, youth orchestras and MusicFest Northwest winners at The Fox, 1001 W Sprague Ave. On Sat, Nov 14, the Spokane Symphony plays "Clouds in My Coffee", the music of Joni Mitchell, Carole King and Carly Simon. On Mon, Nov 16, the Whitworth Orchestra celebrates America's 250th (Fox Theater).
• Sat–Sun, Nov 14–15: "The Music Man" at the First Interstate Center for the Arts (Sat 2 p.m. and 7:30 p.m.; Sun 1 p.m.) (Broadway Spokane)
• Sun, Nov 15, 7 p.m.: Three Days Grace, Alienation Tour, at Numerica Veterans Arena (Numerica)
• Movies at Regal Spokane Valley (14760 E Indiana Ave): Now playing are "Godzilla Minus Zero," "The Cat in the Hat," "Drummer Boy," "Wildwood," "Clayface," "Ghost Soldier," "You Can See Everything" and more. "Ebenezer" and "How to Rob a Bank" open Thu, Nov 12 (Regal Spokane Valley showtimes).

Markets & community

• Sat, Nov 14, 10 a.m.–1 p.m.: Spokane Farmers' Market at 2nd & Chestnut (Coeur d'Alene Park, Browne's Addition). It runs on November hours through Nov 21, and the Holiday Market is the Saturday before Thanksgiving. SNAP/EBT, Market Match, WIC and Senior FMNP are accepted (Spokane Farmers' Market).
• Sat, Nov 14, 10 a.m.–4 p.m.: Fall First Look Bridal Show at CenterPlace Regional Event Center, 2426 N Discovery Pl, Spokane Valley (City of Spokane Valley calendar)
• Thu, Nov 12, 8:30 a.m.: 2027 Economic Forecast at the Spokane Convention Center, listed on the Spokane Valley economic-development calendar. It's a good one for anyone watching where the local economy is headed (City of Spokane Valley calendar).
• Travel note from GEG: Alaska Airlines' new seasonal nonstop from Spokane to Honolulu starts Sat, Dec 19, with weekly Saturday flights through April 17 (Spokane International Airport).

For Parents & Kids

• Tue, Nov 10, 9:30–10:30 a.m.: Family Play & Learn Storytime (ages 2–5 and families) at the Spokane Valley Library (SCLD)
• Thu, Nov 12, 3:30–4:30 p.m.: STEAM-Themed Thursdays (ages 5+) at the Spokane Valley Library. Kids 8 and under need an adult (SCLD).
• Sat, Nov 14, 10 a.m.–noon: LEGO Free Play (ages 5+) at the Argonne Library (SCLD)
• Sun, Nov 15, 4 p.m.: Spokane Youth Symphony, "Rhythms Without Borders," at The Fox (Fox Theater)
• Family picks: "The Music Man" is recommended for ages 6 and up (Broadway Spokane). "The Cat in the Hat" (PG) and "Wildwood" (PG-13) are both at Regal Spokane Valley (showtimes).
• Veterans Day with kids: Military families can enjoy the free carrousel rides at Riverfront Park, 11 a.m.–5 p.m. (see above). Remember that the libraries are closed that day.

FAQ: Spokane Valley real estate in November 2026

What are mortgage rates right now in Spokane Valley?

Freddie Mac's national average for a 30-year fixed mortgage was 7.18% as of Nov 5, 2026, the third weekly decline in a row. The 15-year averaged 6.57%. Local quotes vary with credit, down payment and loan type, so get a personalized quote from a lender.

Are home prices dropping in Spokane County?

Not countywide. Spokane REALTORS reported an October 2026 median closed price of $425,000, up 1.2% from October 2025. Closed sales fell 11.6%, and months of supply rose to 3.6. Prices are holding, but buyers have more choice, so homes that are dated or overpriced are the ones seeing price adjustments.

Why are some Spokane Valley sellers cutting their price?

Noah and Jill are seeing motivated sellers adjust to current comps, sometimes by $20,000 to $70,000 in the cases they've seen. What sold last summer isn't selling at the same price this fall and winter. Sellers who price off older sales, or off a fully updated neighbor's home, tend to sit longer and often end up adjusting anyway.

Should I wait for rates to drop before buying?

If you need to move, waiting isn't always the better choice. Noah's view is that rates look likely to stay in roughly this range for a while, and that for many people rent still costs more than owning. Get pre-qualified, compare your monthly payment against your rent, and decide on your own timeline.

What should I fix before selling my Spokane Valley home?

Start with inexpensive, visible fixes: yard cleanup and tree trimming, HVAC service, worn-out carpet, and anything broken. These matter "for the photography alone." Then consider a pre-listing inspection so you know what a buyer's inspector will find. Published Spokane-area prices start around $400 for a typical home.

Can I sell my house without showings or listing photos?

Some sellers prefer a cash offer for privacy and speed, and you can request a cash offer to see what that looks like. Compare it with a traditional listing first. A home buyers can see and tour usually draws more buyers, and often a higher net.

Work with Noah & Jill

We're Noah Ullah and Jill Larsen with Spokane Best Home Living, powered by Epique Realty. We help Spokane Valley and Spokane County buyers and sellers get clear, honest information on their own timeline. Whether you're buying or selling, here's where to start:

Buying

• Search homes: spokanebesthomesearch.com
• Down payment help: See if you qualify for assistance

Selling

• What's my home worth? Get a free home value estimate
• How does my curb appeal grade? Grade My Curb Appeal
• Prefer a fast, simple sale? Explore a cash offer

Talk with us: Book a free strategy call · (509) 903-5114 · team@spokanebesthomesearch.com

Thanks for being part of this community, and to every veteran in the Valley, thank you for your service.
Noah Ullah & Jill Larsen, Spokane Best Home Living

Market observations and price-adjustment ranges reflect Noah and Jill's own conversations with clients during the week of Nov 4–11, 2026, as filmed on Nov 8. They are not market statistics. Rates and market data come from the linked sources as of Nov 10, 2026. Event details come from the linked organizers and can change, so confirm before you go. This article is educational and is not financial, lending, or legal advice.

Spokane Best Home Living, powered by Epique Realty, a subsidiary of Phoenix Realty LLC