Statistics here are for Kingston, the largest of the remaining housing markets in North Kitsap. Activity in Kingston should be representative of the other nearby communities. Kingston homes were selling for a month end median price of about $349,000 at the end of June, 46% higher than a year ago and 8% lower than last month. The more stable 3 month moving average ($309,467) of closed sale price is 21% higher than a year ago. We have low inventory, few sales, and lots of volatility. The Kitsap County 3 month moving average median price is about 3% lower than it was a year ago. The 3 month moving average of Kingston closed sales was 53% lower than a year ago, while the number of pending sales rose 100% from a year ago. The 3 month moving average of closed sales is down 20% Countywide from a year ago. The number of active listings in Kingston (65) is down 25% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 13 months, slower than the 11.0 month turnover reported last month and the 9.7 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)|
| | |
| June 2011 | $349,000 | 309,467 | 5 | 6 | 13.0 | |
| May 2011 | $379,900 | 275,633 | 4 | 6 | 11.0 | |
| June 2010 | $239,000 | 256,348 | 9 | 12 | 9.7 |
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