North Kitsap Real Estate in June 2009
Using the example of Kingston - the largest housing market in North Kitsap - homes were selling for a June median price of about $279,000, 16% lower than a year ago, while the 3 month moving average of median closed sale price is up 7% compared to a year ago. Kingston prices fluctuate more than some of the other markets because of the lower listing and sales volume. Kitsap County's 3 month moving average median price has fallen 10% over the past year. The 3 month moving average number of closed sales fell 20% from a year ago, while the number of pending sales is 13% lower than a year ago. The number of closed sales is down 10% Countywide from a year ago. The number of active listings in Kingston (70) is down 37% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 10 months (down from 21 months last month). Sales in North Kitsap seem to be slower than farther south in the County. Kingston is a buyer's market.
Total listings on the market by month for North Kitsap
Number of Closed Sales each month for North Kitsap
Variations in Median Price Month by Month for Closed Sales in North Kitsap
