Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $167,450 at the end of July, about 1% less than a year ago and about 1% less than last month. The more stable 3 month moving average median price ($168,949) was about 6% less than a year ago. The Kitsap County 3 month moving average median price is 1% higher than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 12% lower than a year ago and 15% lower than last month. The 3 month moving average of closed sales is down 3% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is down 44% from last year. With expiration of the homebuyer tax credit, pending sales in Bremerton have fallen sharply. The number of Bremerton active listings (186) is 2% higher than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 13.3 months (much slower than the 6.5 month turnover last month and 4.9 month turnover a year ago). The Bremerton market is slowing down and is a buyer's market.
Median Price | 3 mo Ave Price | 3 mo Ave Closed Sales | 3 mo Ave Pending Sales | Inventory Turnover (months) | ||
July 2010 | $167,450 | 168,949 | 24 | 20 | 13.3 | |
June 2010 | $169,500 | 169,766 | 28 | 24 | 6.5 | |
July 2009 | $169,900 | 179,617 | 27 | 38 | 4.9 |
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