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North Kitsap Real Estate Market - June 2008

By
Real Estate Agent with Prowse and Company

Using the example of Kingston - the largest housing market in North Kitsap - homes were selling for a median price of about $337,500 at the end of June, down about 5.6% from a year ago and down about 1% from last month. Kingston prices fluctuate more than some of the other markets because of the lower listing and sales volume. Kitsap County YTD median price has fallen 12% over the past year. The YTD number of closed sales is down 40% from a year ago, and the YTD number of pending sales is down 43%. The number of closed sales is down 28% Countywide from a year ago. The number of active listings in Kingston (111) is up 25% from a year ago and up 7% since last month. The inventory turnover (total homes on the market divided by number sold last month) is 18.5 months. Kingston is a buyer's market.

Posted by

Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)