Bremerton Real Estate June 2011
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 $150,750 at the end of June, 11% lower than a year ago and about 3% higher than last month. The more stable 3 month moving average median price ($138,750) was about 18% lower than a year ago and 9% higher than last month. The Kitsap County 3 month moving average median price is about 3% lower than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 27% lower than a year ago and 11% higher than last month. The 3 month moving average of closed sales is down 20% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 33% from last year. The number of Bremerton active listings (133) is 27% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 5.5 months, a faster than the 6.7 month turnover last month and also the 6.5 month turnover a year ago. This improved turnover rate reflects the rapid turnover of homes under $200k in our current market. The Bremerton market is still a buyer’s market based on the influence of distressed sales on sale prices.
| Median Price | 3 mo Ave Price | 3 mo ave Closed Sales | 3 mo ave Pending Sales | Inventory Turnover (months) | |
| June 2011 | $150,750 | 138,750 | 21 | 32 | 5.5 |
| May 2011 | $147,000 | 127,500 | 19 | 30 | 6.7 |
| June 2010 | $169,500 | 169,766 | 28 | 24 | 6.5 |
