Bremerton Real Estate May 2010
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 $169,898 at the end of May, about 3% less than a year ago and about the same as last month. The more stable 3 month moving average median price was 7% higher than a year ago. The Kitsap County 3 month moving average median price is 3% higher than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 56% higher than a year ago. The 3 month moving average of closed sales is up 25% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 13% from last year. Recall this number includes pending short sales that may not close. The number of Bremerton active listings (168) is 3% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 5.6 months (a small improvement from the 6.1 month turnover last month and better than the 10.8 month turnover a year ago). The Bremerton market is probably still a buyer’s market.
| Med price | 3mo price | 3 mo. Ave. closed sales | 3 mo. Ave. Pending Sales | Inventory Turnover (months) | |
|---|---|---|---|---|---|
| May 2010 | $169,898 | 160,766 | 28 | 35 | 5.6 |
| Apr 2010 | $169,900 | 160,467 | 23 | 40 | 6.1 |
| May 2009 | $175,450 | 150,317 | 18 | 31 | 10.8 |
