It is definitely a Buyer's Market in Kitsap County!  Listings are up, sales are down, and interest rates are excellent. Real Estate Statictics in Kitsap County

As of March 31, 2008, there were 2343 single family detached homes listed by real estate agents in Kitsap County.  If no other homes were listed for sale in Kitsap County, and we worked through all the home currently for sale, it would take us over 12 months to sell them all. In other words, we have 12 1/2 months of inventory on the market.

What does that mean to you?  If you were trying to sell your home in Kitsap County in March, there were 2342 other homes competing for very few buyers.

Of those homes for sale, 496 were listed for sale with a Kitsap County real estate agent in March alone.

Between March 1 and March 31, only 187 homes actually closed, or sold.

In other words, your chances of selling your home in Kitsap County in our current market in any one month period is less than 8%. 

Can your home be sold in our current market? Yes, but you have to do it right.  For more information, see my article Beat the Buyer's Market.

 

 
This post has been included in Washington Information Kitsap County, WA Information

2 Comments on The Market in Kitsap County - March 2008

APR
02
2008
241,597 Points 9 Featured Posts Localism Sponsor Outside Blog Hit Router
Hi Marlene - great summary:)  I think any seller would be lucky to have you in a buyer's market!
9:42pm • #1
9 Featured Posts Localism Sponsor

Thanks, Courtney!  I just wanted to put our market cnsitions in an easy-to-understand format, so sellers know the challenges they face.
10:56pm • #2

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Marlene Scheffer, Realtor to Kitsap County, WA

Bremerton, WA

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Office Phone: (360) 377-5699

Cell Phone: (360) 689-6836

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Here you will find my thoughts and insights into the real estate market in general, as well as tips for Sellers, Buyers, current Homeowners and other real estate agents. Many of the market updates will apply specifically to Kitsap County, in other words, Silverdale, Bremerton, Poulsbo, Port Orchard, Kingston, and all areas in between. Many of the trends seen in Kitsap will overflow to surrounding cities, such as Gig Harbor, Belfair, Allyn, and even Bainbridge Island. I hope you will find this blog helpful and useful.


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