Homebuyers stymied in the past by Spokane’s ever-climbing real estate prices and bidding war after bidding war may have reason for optimism in the new year.

Although they can expect increasing home prices, high demand and low inventory, area Realtors say, the housing market won’t be as frenzied as 2021.

“Sale prices will continue to increase, but not at the rate it did in 2021. I believe the reason it will increase is lack of supply and demand will remain strong,” said Rob Higgins, executive officer for the Spokane Association of Realtors.