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

So Far This Summer is For Sellers

But that doesn’t mean that its difficult for buyers.  Here in the Bremerton Real Estate Market buyers are still enjoying many homes with prices low enough and interest rates still low that the monthly mortgage payment can be cheaper than paying rent.  Prices have not risen substantially to keep buyers priced out of a home.  In fact the median June-2013 vs Jun-2014 sold price is down -5%!

Bremerton continues to be a  Seller’s* Market with just  3.3 months of inventory.

Months Supply of Inventory
Jun-2013 vs Jun-2014: The average months supply of inventory is down -39%

Below are some market statistics for the Bremerton area for the month of June 2014. These homes all have Bremerton listed as their city in their physical address. During the month of June  2014  156 new listings became active in the NWMLS data base.

New Properties by Month
Jun-2013 vs Jun-2014: The number of New properties is up 10%

There were 135 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.

Under Contract Properties by Month
Jun-2013 vs Jun-2014: The number of Under Contract properties is up 39%

During June 104  homes that had been listed as pending closed and the change of ownership was recorded at the Kitsap County Courthouse.

Sold Properties by Month
Jun-2013 vs Jun-2014: The number of Sold properties is down -5%


Bremerton Sold Properties by Month June

Bremerton Under Contract Properties by Month June

New Properties by Month June

Bremerton Months Supply of Inventory June


*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


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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.