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 $220,000 at the end of July, 19% lower than a year ago and 3% higher than last month. Month-to-month fluctuations in the low volume Kingston market make these raw numbers difficult to interpret. The more stable 3 month moving average ($226,291) of closed sale price is 32% lower than a year ago. The Kitsap County 3 month moving average median price is up about 1% from a year ago. The 3 month moving average of Kingston closed sales was 27% higher than a year ago, while the number of pending sales was 180% higher than a year ago. The 3 month moving average of closed sales is up 27% Countywide from a year ago. The number of active listings in Kingston (56) is 27% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 14 months, much slower than the 7.5 month turnover reported last month and only slightly faster than the 15.4 month turnover of a year ago. Kingston is still a buyer's market.
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