Home sales up despite higher interest rates
This home for sale in Moses Lake was listed at $289,500 as of Wednesday, according to Realtor.com. Median home prices in Grant County rose more than 13% over the last year.
JOEL MARTIN/COLUMBIA BASIN HERALD
KIRKLAND — Activity in the housing market increased in April in spite of rising interest rates, according to data from the Northwest Multiple Listing Service, which compiles statistics from 26 of Washington’s 39 counties. Interest rates have increased by 0.38 percentage points over the past month to 7.17%, continuing to constrain prospective buyers’ purchasing power and prospective sellers’ willingness to give up low-interest-rate mortgages, according to the NWMLS.
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