Reposted from http://bprowse.com/poulsbo_market

These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The March median sales price for Poulsbo was $293,450, up about 40% from a year ago, but sales a year ago were at a low point. The more stable three month moving average closed sale price was $278,400, about 5% lower than 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 closed sales in Poulsbo rose 57% from a year ago. The 3 month moving average of closed sales is up 55% Countywide from a year ago.  The 3 month moving average of pending sales was up 25% in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (99) is 30% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 5.2 months, a considerable improvement over the 11.1 months reported last month. Poulsbo is still a buyers market.

 

  Median Price 3 mo Ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Mar 2010 $320,000 $300,317 13 18 5.2
Feb 2010 $293,450 $278,400 11 15 11.1

Mar 2009

$323,000 $279,000 11 15 8.8