Statistics we refer to are for that part of Poulsbo encompassing the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, including parts north to Sawdust Hill Rd. The market for other parts of Poulsbo and its suburbs should have approximately similar trends. Homes in Poulsbo were selling for a median price of about $345,268 at the end of April, down about 3.2% from a year ago. Kitsap County median prices have fallen 5.3% over the past year. The number of closed sales YTD has is the same as last year, and the number of YTD pending sales fell by 16%. This compares to a drop of 25% in YTD closed sales compared to a year ago for Kitsap County as a whole. A large portion of the currently pending sales is from presales at one moderately priced new construction development - homes that never appeared as active listings. The Poulsbo listing inventory (170) has risen by 53% compared to a year ago and is up 6% since last month. The inventory turnover (total homes on the market divided by number sold last month) is 9.4 months. Calculating inventory turnover in this manner is artificially low since a number of the new construction homes closing did not show as active listings.
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