Bremerton Real Estate June 2010
More about Bremerton Real Estate: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 $169,500 at the end of June, about 12% less than a year ago and about the same as last month. The more stable 3 month moving average median price ($169,766) was about the same as a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 33% higher than a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is down 37% from last year. With expiration of the homebuyer tax credit, pending sales in Bremerton have fallen sharply. The number of Bremerton active listings (181) is 15% higher than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.5 months (worse than the 5.6 month turnover last month and 5.4 month turnover a year ago). The Bremerton market seems to be slowing down and is probably still a buyer’s market.
| Med price | 3mo price | 3 mo. Ave. closed sales | 3 mo. Ave. Pending Sales | Inventory Turnover (months) | |
|---|---|---|---|---|---|
| June 2010 | $169,500 | 169,766 | 28 | 24 | 6.5 |
| May 2010 | $169,898 | 160,766 | 28 | 35 | 5.6 |
| June 2009 | $193,500 | 169,983 | 21 | 38 | 5.4 |
