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 similar trends. Homes in Bremerton were selling for a YTD median price of about $187,900 at the end of November, about 13% lower than a year ago. The November median price for closed sales ($216,000) was 3% higher than the median for last month and 9% higher than a year ago. Kitsap County YTD median price has fallen 9% over the past year. The Bremerton YTD number of closed sales is down 31% from a year ago (compared to a Countywide drop of 24%). The YTD number of pending sales is down 21% from last year. The number of active listings (203) has fallen 2% from last month and 20% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.8 months, which reflects the greater percentage of lower priced homes that are selling. The Bremerton market is still a buyers market.
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