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 $159,000 at the end of September, about 18% lower than a year ago and down 4% from last month. The more stable 3 month moving average was 13% lower than a year ago.  The Kitsap County 3 month moving average median price has fallen 8% over the past year.  Bremerton's 3 month moving average for number of closed sales is up 11% from a year ago. The number of closed sales is up 14% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 46% from last year, but recall this number includes pending short sales that may not close. The number of Bremerton active listings (178) is 31% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.1 months (better than the 8.2 last month but definitely improved from 14.1 months a year ago). The Bremerton market is probably still a buyers market because of shadow inventory that has been pulled off unsold.

Bremerton Real Estate - September 2009
  Median Price 3 mo Ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Sep 2009 $159,000 164,633 28 36 6.1
Aug 2009 $165,000 176,133 21 35 8.2

Sep 2008

 $195,000 190,167 20 23 14.1