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 $208,725 at the end of July, 54% lower than a year ago. The more stable 3 month moving average ($253,480) of closed sale prices is down 28% compared to a year ago. The Kitsap County 3 month moving average median price is 1% higher than it was a year ago. The 3 month moving average of Kingston closed sales rose 39% from a year ago, while the number of pending sales is unchanged from a year ago. The 3 month moving average of closed sales is down 3% Countywide from a year ago. The number of active listings in Kingston (73) is up 7% from a year ago and down 16% from last month. The inventory turnover (total homes on the market divided by number sold last month) is 12.1 months (slower than the 9.7 month turnover reported last month and the 8.5 month turnover of 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) | ||
| July 2010 | $208,725 | 253,480 | 8 | 9 | 12.1 | |
| June 2010 | $239,000 | 256,348 | 10 | 12 | 9.7 | |
| July 2009 | $450,000 | 351,333 | 6 | 9 | 8.5 |
Comments(0)