Poulsbo Real Estate Market October 2009
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 October median sales price for Poulsbo was $302,500, down about 8% from a year ago. The more stable three month moving average closed sale price was $298,500, about 8% lower than in October 2008. The Kitsap County 3 month moving average median price has fallen 6% over the past year. The 3 month moving average number of closed sales in Poulsbo rose 5% from a year ago. The number of closed sales is up 8% Countywide from a year ago. October pending sales were up 29% in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (85) is 41% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 3.9 months, better than the 5.2 months reported last month. Poulsbo’s market has been humming along for the past several months, but it is probably still a buyers market because of the shadow inventory of homes pulled off the market in the past year without selling.
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| Median Price | 3 mo Ave Price | 3 mo ave Closed Sales | 3 mo ave Pending Sales | Inventory Turnover (months) | |
| Oct 2009 | $302,500 | 298,500 | 22 | 26 | 3.9 |
| Sep 2009 | $301,000 | 291,987 | 21 | 26 | 5.2 |
|
Oct 2008 |
$330,000 | 323,633 | 21 | 24 | 7.2 |
