BREMERTON REAL ESTATE | BREMERTON HOUSING MARKET REPORT MAY 2014

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

Bremerton is still a Seller’s Market with just under 4 months of active inventory

Inventory is still low and Bremerton continues to be a  Seller’s* Market with just  4 months of inventory.  Below are some market statistics for the Bremerton area for the month of May 2014. These homes all have Bremerton listed as their city in their physical address. During the month of May  2014  167 new listings became active in the NWMLS data base, which was 2 homes more than May 2013 and 8 more than in April 2014.  Bremerton’s supply of inventory is low.

There were 118 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 by 7 over May of 2013 , but was a decrease from April of 2014.   During May 107  homes that had been listed as pending closed and the change of ownership was recorded at the Kitsap County Courthouse. This is a 11.5% increase from May of 2013 and a 21.6% increase over last month.

   

Bremerton Sold Properties by Month May 2014

Bremerton Months Supply of Inventory May 2014

Bremerton Under Contract Properties by Month May 2014

Bremerton New Properties by Month May 2014

Bremerton For Sale Properties by Month May 2014

 

*Using absorption rates can help you define markets. My definition breaks down like this…

Normal Market – Between 5 and 6 months of inventory. 

Seller’s Market - Between 1 and 4 months of inventory. 

Buyer’s Market – 7 months and higher. 

Now remember that absorption rates just track trends and isn’t an exact science!

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.”

 

Bremerton, WA Real Estate

 

Posted by

 

Jo SossAuthor:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

Comments (0)