Statistics here are for Kingston, the largest of the remaining housing markets in North Kitsap. Activity in Kingston should be representative of the other nearby communities. Kingston homes were selling for a month end median price of about $379,900 at the end of May, 22% higher than a year ago and 90% higher than last month. This is a classic example of a change in the mix of sales (a few more higher priced homes sold and a small number of sales) skewing the median price to look like the value of all the homes in Kingston jumped by 90%. This is not the case - overall prices are steady or falling slightly. The more stable 3 month moving average ($275,633) of closed sale price is 1% higher than a year ago. We have low inventory and few sales. The Kitsap County 3 month moving average median price is about 5% lower than it was a year ago. The 3 month moving average of Kingston closed sales was 56% lower than a year ago, while the number of pending sales fell 57% from a year ago. The 3 month moving average of closed sales is down 20% Countywide from a year ago. The number of active listings in Kingston (55) is down 29% from a year ago - very low. The inventory turnover (total homes on the market divided by number sold last month) is 11 months, faster than the 14.5 month turnover reported last month and quite a bit slower than the 7.7 month turnover of a year ago. Kingston is still a buyer's market.
| Median Price | 3 mo Ave Price | 3 mo Ave Closed Sales | 3 mo Ave Pending Sales | Inventory Turnover (months)|
| | |
| May 2011 | $379,900 | 275,633 | 4 | 6 | 11.0 | |
| April 2011 | $199,500 | 213,667 | 4 | 5 | 14.5 | |
| May 2010 | $312,715 | 272,932 | 9 | 14 | 7.7 |
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