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 $142,500 at the end of March, about 4% higher than a year ago and 16% lower than last month. The more stable 3 month moving average was 14% lower 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 the same as a year ago. The 3 month moving average of closed sales is up 55% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is up 76% from last year. Recall this number includes pending short sales that may not close. The number of Bremerton active listings (168) is 6% higher than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.5 months (an improvement from the 9.2 month turnover last month and from the 8 month turnover a year ago). The Bremerton market is probably still a buyers market.

  Median Price 3 mo Ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Mar 2010 $142,500 $146,933 18 38 6.5
Feb 2010 $169,000 $150,483 18 29 9.2

Mar 2009

 $137,500 $169,933 18 24 7.9