Here are some bullet points – Bremerton Real Estate Market year ending 2013

• Average days on market is down 22% over Dec 12 and down from Nov 13 but have risen since April of 2013.
• Average currently is 73 days.
• Median sold price has had its up’s and down’s in the last 12 months. Median sold price for Dec-13 was $167,250 which is a 9% decrease from Dec-12. Its also a slight decrease from Nov-13 and the lowest median sold price for the entire year of Dec-13.
• In Dec-13 there were 78 homes that sold in Bremerton. That is a 7% increase over Dec-12 and an increase over Nov-13 but still a decline from the months of Apr, May, Jun, July, Aug, Sept and Oct.
• Properties that went under contract has been fairly steady over the last 4 months and an increase of 22% over Dec-12.
• More properties came into the market in Dec-13 than Dec-12 – an increase of 27%.
• There is lots of inventory in Bremerton. The inventory has stayed pretty constant in the last 12 months, with a high of 682 homes for sale in August 2013 and a low of 542 homes for sale in January 2013.
• The months supply of inventory has decreased 20% from Dec-12.
• Currently there are 6 months worth of inventory available in Bremerton which means its on the high end of a normal market. A buyer’s market surfaces when inventory goes over that 6 month supply figure.
• Whats a Buyer’s Market? Or how do you figure what kind of market we are in?  Check out this article that was written a few months ago.  It was written for Kent, WA, but the principles are the same for any market.