Statistics we refer to are for that part of Bremerton encompassing the downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should have approximately similar trends. Homes in Bremerton were selling for a YTD median price of about $181,500 at the end of June, about 15% lower than a year ago. The June median price for closed sales was 2% higher than the median for last month. Kitsap County YTD median price has fallen 12% over the past year. The YTD number of closed sales is down 29% from a year ago (compared to a Countywide drop of 28%), and the YTD number of pending sales is down 27% from last year. The number of active listings (250) is only up 1.6% from a year ago, but has been nearly constant for the past 4 months. The inventory turnover (total homes on the market divided by number sold last month) is 10.4 months, about the same as last month. The Bremerton market is weak, but showing signs that it is stabilizing.
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