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 $164,975 at the end of November, about 24% lower than a year ago and about 3% higher than last month. The more stable 3 month moving average was 22% lower than a year ago.  The Kitsap County 3 month moving average median price has fallen 4% over the past year.  Bremerton's 3 month moving average for number of closed sales is up 24% from a year ago. The number of closed sales is up 22% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 17% from last year, but recall this number includes pending short sales that may not close. The number of Bremerton active listings (151) is 27% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 5.4 months, a little worse than the 6.7 last month. It’s a good bet that the Bremerton market benefitted from the rush to beat the first time home buyer tax credit expiration. The Bremerton market is probably still a buyers market because of shadow inventory that has been pulled off unsold

 

Bremerton 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 $164,975 161,325 26 34 5.4
Oct 2009 $160,000 161,333 24 36 6.7

Nov 2008

 $216,000 206,667 21 23 10.3