Home prices up locally, down statewide
This home in Moses Lake was listed at $225,000 Wednesday. Home prices dropped this year statewide but rose significantly in Grant and Adams counties.
JOEL MARTIN/COLUMBIA BASIN HERALD
KIRKLAND — The real estate market in December continued the pattern set in October and November, according to data released this week by the Northwest Multiple Listing Service, which tracks real estate trends in 27 of Washington’s 39 counties. Active listings were up across Washington compared to December 2024, while prices declined slightly.
Mortgage interest rates ended 2025 at their lowest rate for the year, according to Freddie Mac. The average 30-year fixed-rate mortgage averaged 6.15%. The high point for 2025 was 7.04%, which was reached in January.
Active listings were 23% higher statewide than in December 2024, according to the NWMLS, but were 24% lower in December than in November 2025. In Grant County, active listings rose by 29.6% between December 2024 and December 2025, but dropped 6.27% from November 2025. Adams County active listings were up by 36.84% year-over-year, but down only 3.6% from November.
Closed sales were up by 4.1% in December 2025 statewide compared to 2024, according to NWMLS data. Grant County’s closed sales rose 10% in the same time period, while Adams County tripled, from four in December 2024 to 12 in December 2025.
Months of inventory, or the amount of time it would take to sell all the homes in a given market, were at 2.3 statewide in December 2025, compared to 2.0 in December 2024. Grant County showed 4.08 months of inventory, a 17.14% increase, while Adams County stood at 4.33 months, a 54.73% drop year-over-year.
Median home prices dropped statewide by about 2% year over year, but rose in the Basin. Grant County’s median home price was $372,495 in December 2025, an increase of 4.46% compared to a year earlier, while Adams County’s median was $379,230, increasing year-over-year by 29.74%.
“Although 30-year mortgage interest rates ended 2025 at their lowest point for the year (6.15%), buyers continued to face significant affordability constraints,” Steven Bourassa, Director of the Washington Center for Real Estate Research at the University of Washington, wrote in the NWMLS release.