Statistics here are for Kingston, the largest housing market in North Kitsap. Activity in Kingston should be representative of the other areas in North Kitsap. Kingston homes were selling for a month end median price of about $239,000 at the end of June, 14% lower than a year ago. The more stable 3 month moving average ($256,348) of closed sale prices is down 33% compared to a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago. The 3 month moving average number of Kingston closed sales rose 250% from a year ago, while the number of pending sales is up 33% from a year ago. Recall again that our current pending sales include pending short sales that may not close. The 3 month moving average of closed sales is up 17% Countywide from a year ago. The number of active listings in Kingston (87) is up 24% from a year ago and up 13% from last month. The inventory turnover (total homes on the market divided by number sold last month) is 9.7 months (worse than the 7.7 month turnover reported last month, but a bit better than a year ago). Kingston is still a buyer's market.
| Median Price | 3 mo Ave Price | 3 mo Ave Closed Sales | 3 mo Ave Pending Sales | Inventory Turnover (months) | ||
| June 2010 | $239,000 | 256,348 | 10 | 12 | 9.7 | |
| May 2010 | $312,715 | 272,932 | 9 | 14 | 7.7 | June 2009 | $279,000 | 382,000 | 4 | 9 | 10.0 |
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