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North Kitsap Real Estate market conditions - January 2008

By
Real Estate Agent with Prowse and Company

Please keep in mind that it's the first month of a new year, so the year-to-date numbers may be quite variable compared to last month. Using the example of Kingston - the largest housing market in North Kitsap - homes were selling for a median price of about $392,500 at the end of January, down about 13% from a year ago. Kingston prices fluctuate more than some of the other markets because of the lower listing and sales volume. Kitsap County median prices fell less than 1% over the past year. The YTD number of closed sales is the same as a year ago, and the YTD number of pending sales is down 50%. The number of closed sales is down 24% Countywide from a year ago. The number of active listings in Kingston (76) is up 36% from a year ago and up just 1 percent since the end of the year. The inventory turnover (total homes on the market divided by number sold last month) is 13 months.

Posted by

Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)