Reposted from http://bprowse.com/bainbridge_island_market

Bainbridge Island residential properties were selling for an November median price of $492,000, about 1% lower than in October. The more stable three month moving average of closed sale price fell 6% from last month to $501,667 and is 15% lower than it was a year ago. Sales at the top of the market, while still pretty slow, did improve somewhat compared to previous months. The Kitsap County 3 month moving average median price has fallen 4% over the past year. Note that prices tailed off at the end of last year so we expect this gap to close in the coming months. The 3 month moving average for Bainbridge Island's number of  closed sales is 38% higher than a year ago. The 3 month moving average number of pending sales in November rose 11% from a year ago. The 3 month moving average of closed sales is up 22% Countywide from a year ago. The number of active listings on Bainbridge (188) is down 13% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 11.7 months, a sharp drop off from the 8.7 month turnover rate of last month . Bainbridge Island is a buyers market.

Bainbridge Island Real Estate - November 2009
  Median Price 3 mo Ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Nov 2009 $488,000 501,667 22 28 11.7
Oct 2009 $492,000 536,333 23 33 8.7

Nov 2008

 $507,500 588,750 16 19 10.8