September 2026 Market Report

Explore the latest trends for the Kootenai County residential real estate market in our comprehensive monthly report.

September 2026 Market Report

Explore the latest trends for the Spokane County residential real estate market in our comprehensive monthly report.

Want newer homes, more space and a suburban feel? Two areas worth exploring are Liberty Lake and Five Mile Prairie.

They're in very different parts of the Spokane area, and your daily routine may make one much more appealing than the other.

Liberty Lake: Recreation Meets Suburban Living

East of Spokane Valley and close to the Idaho border, Liberty Lake has grown into a community of its own.

You'll find established neighborhoods alongside newer developments, golf, trails, parks and easy access to outdoor recreation. You're also positioned between Spokane and Coeur d'Alene, which can be a major advantage depending on where you work and play.

You may love Liberty Lake if you want:

• Newer housing options

• Trails and outdoor recreation

• Golf nearby

• Parks and community amenities

• Convenient access to Sp...

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I recently had the opportunity to hear from Steve Scranton, Chief Economist for Washington Trust Bank, for a wide-ranging discussion about interest rates, housing affordability, Washington taxes, AI and data centers, wildfire recovery, and the future of our regional economy.

There was a lot to unpack. Here are the takeaways I found most relevant for homeowners, buyers, sellers, and anyone paying attention to the Spokane and North Idaho real estate markets.

Are Today's Mortgage Rates Really That Unusual?

One of Steve's most interesting points was that today's mortgage rates feel extraordinarily high largely because we spent nearly two decades in an unusually low-rate environment.

Using historical data going back to 1971, Steve shared that the average 30-year mortgage rate has been approximately 7.7%. His tak...

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If you're relocating to Spokane and want an older neighborhood with personality, local businesses and a strong sense of community, put South Perry and the Garland District on your list.

Both offer historic homes and neighborhood gathering spots, but they sit on opposite sides of Spokane and have distinctly different personalities.

South Perry: Community-Focused & Close to Downtown

South Perry sits just southeast of downtown and has become one of Spokane's most recognizable neighborhood districts.

Perry Street is the heart of the area, with local restaurants, coffee, shops and neighborhood businesses. Venture a few blocks away and you'll find residential streets filled with older Spokane homes.

You may love South Perry if you want:

• An older home with character

• Local restaurants and coffee nearby

• A neighborhood with a strong community i...

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