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.

*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!

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.

Bremerton, WA Real Estate

• Properties for Sale in Bremerton, WA Between $0 – $100,000
• Properties for Sale in Bremerton, WA Between $100,000 – $200,000
• Properties for Sale in Bremerton, WA Between $200,000 – $300,000
• Properties for Sale in Bremerton, WA Between $300,000 – $400,000
• Properties for Sale in Bremerton, WA Between $400,000 – $500,000
• Properties for Sale in Bremerton, WA Between $500,000 – $600,000
• Properties for Sale in Bremerton, WA Between $600,000 – $700,000
• Properties for Sale in Bremerton, WA Between $700,000 – $800,000
• Properties for Sale in Bremerton, WA Between $800,000 – $900,000
• Properties for Sale in Bremerton, WA Between $900,000 – $1,000,000
• Properties for Sale in Bremerton, WA Between $1,000,000 – $1,100,000
• Properties for Sale in Bremerton, WA Between $1,200,000 – $1,300,000
• Properties for Sale in Bremerton, WA Between $1,300,000 – $1,400,000
• Properties for Sale in Bremerton, WA Between $1,400,000 – $1,500,000
• Properties for Sale in Bremerton, WA Between $1,900,000 – $2,000,000
• Properties for Sale in Bremerton, WA Between $2,200,000 – $2,300,000