Bremerton Real Estate April 2010

Reposted from http://bprowse.com/bremerton_market

Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $169,900 at the end of April, about 23% higher than a year ago and 19% higher than last month. The more stable 3 month moving average median price was 7% higher than a year ago. The Kitsap County 3 month moving average median price is less than 1% higher than it was a year ago.  Bremerton's 3 month moving average for number of closed sales is 28% higher than a year ago. The 3 month moving average of closed sales is up 20% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is up 43% from last year. Recall this number includes pending short sales that may not close. The number of Bremerton active listings (165) is 2% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.1 months (a small improvement from the 6.5 month turnover last month and up from the 11.2 month turnover a year ago). The Bremerton market is probably still a buyers market.