Home sales drop, but show signs of bouncing back

MOSES LAKE — Home sales dropped pretty hard last month. According to data from the Northwest Multiple Listing Service, home sales in Washington dropped from 8,017 in December 2021 to 4,524 in December 2022, a 43.57% decrease. Grant County followed the trend with a drop of 44.57% from 2021. For the year as a whole, 1,103 homes were sold in Grant County in 2022 compared to 1,311 in 2021, a dip of 15.87%. Adams County sales dropped from 163 in 2021 to 139 in 2022, a 14.72% decrease. “There was nothing for anyone to buy,” said Tera Zerbo, a Realtor with Better Homes and Gardens Real Estate Gary Mann Realty. “Nobody was putting their stuff on the market, so it made it really hard for you to move. Because you had your house you could sell, but where were you going to go? So there's no movement … Inventory was just non-existent. And the thing is last year, the interest rates were great, and people wanted to move and take advantage of all of that. And the appreciation in homes was fantastic. It's just we just didn't have any inventory.”