Silverdale Real Estate Market - February 2008

Homes in Silverdale were selling for a median price of about $387,500 at the end of February, up about 29% from a year ago. This rise in prices is not across the board, but instead reflects an increased number of sales in higher price ranges. Kitsap County median prices have fallen 6% over the past year.  The number of YTD closed sales was down 33% from a year ago, compared to a drop in closed sales of 19% for the County as a whole. The number of pending sales YTD is down 32% from a year ago. The number of active listings in Silverdale (118) is 19% higher than a year ago, and it's also 17% higher than it was at the end of January. The inventory turnover (total homes on the market divided by number sold last month) is 9.8 months.