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 $230,000 at the end of October, 21% lower than a year ago and 14% lower than last month. Month-to-month fluctuations in the low volume Kingston market make these raw numbers difficult to interpret. The more stable 3 month moving average ($209,133) of closed sale price is 35% lower than a year ago. The Kitsap County 3 month moving average median price is about 7% lower than it was a year ago. The 3 month moving average of Kingston closed sales was 40% lower than a year ago, while the number of pending sales was unchanged from a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago. The number of active listings in Kingston (59) is 18% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.4 months, faster than the 13 month turnover reported last month but slower than the 7.1 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)| October 2011 |
$230,000 |
209,133 |
5 |
8 |
8.4 |
September 2011 |
$267,500 |
222,467 |
4 |
7 |
13 |
October 2010 |
$289,900 |
320,800 |
8 |
8 |
7.1 |
|
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