Bremerton Real Estate Market October 2009
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 $160,000 at the end of October, about 23% lower than a year ago and about the same as last month. The more stable 3 month moving average was 18% lower than a year ago. The Kitsap County 3 month moving average median price has fallen 6% over the past year. Bremerton's 3 month moving average for number of closed sales is up 14% from a year ago. The number of closed sales is up 8% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 15% from last year, but recall this number includes pending short sales that may not close. The number of Bremerton active listings (153) is 29% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.7 months, a little worse than the 6.1 last month. The Bremerton market is probably still a buyers market because of shadow inventory that has been pulled off unsold.
| Median Price | 3 mo Ave Price | 3 mo ave Closed Sales | 3 mo ave Pending Sales | Inventory Turnover (months) | |
| Oct 2009 | $160,000 | 161,333 | 24 | 36 | 6.1 |
| Sep 2009 | $159,000 | 164,633 | 28 | 35 | 8.2 |
|
Oct 2008 |
$209,000 | 195,667 | 21 | 23 | 8.3 |
