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BREMERTON WA REAL ESTATE – HOMES SOLD SEPTEMBER 2013 MARKET REPORT

By Jo Olson

Real Estate Broker/Owner with HOMEFRONT Realty WA State Licence #23384

November 15, 2013 02:57 AM

BREMERTON WA REAL ESTATE – HOMES SOLD SEPTEMBER 2013 MARKET REPORT

The return to a Buyer’s Market in Bremerton. Below are some market statistics for the Bremerton area for the month of September 2013. These homes all have Bremerton listed as their city in their physical address. During the month of September 111 new listings became active in the NWMLS data base, which is a 5% increase from last year and a 23% decrease from August.

There were 86 homes that received offers and the seller and buyer came to terms and those homes are now pending inspection pending back up, pending short sale or PENDING and headed to closing. The pending transactions rose 32% over September of 2012 but was a 20% decrease over August 2013 month. During September 92 homes that had been listed as pending closed and the change of ownership was recorded at the Kitsap County Courthouse. This is a 33% increase over September of 2012 and a 12% decrease over last month.

Sep 13 Under Contract Properties by Month

How many months of inventory is this? If you take the total number of active listings and divide by the number of homes pending as an average over the past month there would be 6 months for the Bremerton area. This is the calculation process used by the NWMLS when they release data to the public. This number of 6 months would indicate a return to a buyer’s market. Compared to September of 2012 the active inventory is down about 29%. In 2012 there was 8 months of inventory in September.

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis. If you would like to purchase a home in the Bremerton area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

“Statistics not compiled or published by NWMLS.”

“Equal Opportunity Housing All information deemed reliable, but not guaranteed.”