Statistics we refer to are for that part of Poulsbo encompassing the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, including parts north to Sawdust Hill Rd. The market for other parts of Poulsbo and its suburbs should have similar trends. Poulsbo's June median sale price was $290,000, about 16% lower than in June 2008. Homes in Poulsbo were selling for a three month moving average median sale price of about $317,333 at the end of June, down about 5% from a year ago. 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 in Poulsbo has fallen 11% from a year ago. The number of closed sales is down 3% Countywide from a year ago.  June pending sales were up 211% compared to a year ago in Poulsbo (last month they were up 121%). The Poulsbo listing inventory (112) is 37% lower than a year ago and dropped 7% last month. The inventory turnover (total homes on the market divided by number sold last month) is 5.3 months, improved from the 8 months last month. Because there is probably a considerable shadow inventory of unsold homes not currently on the market, Poulsbo is still a buyers market.

 

listing inventory for poulsbo

Total listings on the market by month for Poulsbo


number of closed sales each month in poulsbo

Number of Closed Sales each month for Poulsbo


variations in median price month by month for closed sales in poulsbo

Variations in Median Price Month by Month for Closed Sales in Poulsbo