Reposted from http://bprowse.com/north_kitsap_market

Statistics here are for Kingston, the largest housing market in North Kitsap. Activity in Kingston should be representative of the other areas in North Kitsap. Kingston homes were selling for a month end median price of about $288,750 at the end of March, 13% lower than a year ago. The low sales volume can produce large fluctuations when one or two high priced homes sell.  The more stable 3 month moving average of closed sale prices is down 6% compared to a year ago.  The Kitsap County 3 month moving average median price is less than 1% higher than it was a year ago. The 3 month moving average number of Kingston closed sales rose 25% from a year ago, while the number of pending sales is up 120% from a year ago. Recall again that our current pending sales include pending short sales that may not close. The 3 month moving average of closed sales is up 55% Countywide from a year ago. The number of active listings in Kingston (68) is down 6% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 13.6 months (a little worse than the 13.4 months last month). Kingston is still a buyer's market. 

  Median Price 3 mo Ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Mar 2010 $288,750 $291,917 5 11 13.6
Feb 2010 $297,000 $295,333 7 6 13.4

Mar 2009

 $332,500 $309,667 4 5 36