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 August median sales price for Poulsbo was $282,960, down about 17% from a year ago. The more stable three month moving average closed sale price was $309,320, about 8% lower than in August 2008. The Kitsap County 3 month moving average median price has fallen 9% over the past year. The 3 month moving average number of closed sales in Poulsbo rose 6% from a year ago. The number of closed sales is up 12% Countywide from a year ago.  August pending sales were down 19% in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (111) is 35% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 4.4 months, better than the 6.4 months reported last month. Poulsbo is probably still a buyers market because of the shadow inventory of homes pulled off the market in the past year without selling, but looks like it has improved recently.

Poulsbo Real Estate - August 2009
  Median Price 3 mo Ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Aug 2009 $292,000 288,320 21 26 4.4
July 2009 $282,960 309,320 18 27 6.4

Aug 2008

 $315,000 334,000 20 20 6.9