Statistics here are for Kingston, the largest housing market in North Kitsap. Activity in Kingston should be representative of the other areas in North Kitsap. Kingston homes were selling for a month end median price of about $239,000 at the end of June, 14% lower than a year ago. The more stable 3 month moving average ($256,348) of closed sale prices is down 33% compared to a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago. The 3 month moving average number of Kingston closed sales rose 250% from a year ago, while the number of pending sales is up 33% from a year ago. Recall again that our current pending sales include pending short sales that may not close. The 3 month moving average of closed sales is up 17% Countywide from a year ago. The number of active listings in Kingston (87) is up 24% from a year ago and up 13% from last month. The inventory turnover (total homes on the market divided by number sold last month) is 9.7 months (worse than the 7.7  month turnover reported last month, but a bit better than a year ago). Kingston is still a buyer's 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 June median sales price for Poulsbo was $359,500, up about 24% from a year ago. This rise in price reflects a change in the distribution of sales rather than an increase in all market closed sale prices. With expiration of the homebuyer tax credit, fewer first time buyers are in the market, while the low interest rates are still attracting move up and downsizing buyers who want to move in the summer. The more stable three month moving average closed sale price was $320,529, about 1% higher than a year ago.The Kitsap County 3 month moving average median price is 2% lower than it was a year ago.  The 3 month moving average number of closed sales in Poulsbo fell 6% from a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago.  Poulsbo’s 3 month moving average of pending sales fell 35% from a year ago. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (96) is 14% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 6.4 months, worse than the 5.7 months reported last month. Poulsbo is still a buyer’s market.

Homes in Silverdale were selling for a June median price of about $274,950, 19% lower than a year ago. Silverdale's more stable 3 month moving average median closed sale price was $256,317, about 13% lower than a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago.   The 3 month moving average for Silverdale's number of closed sales was up 8% from a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago.  The 3 month moving average of Silverdale pending sales in June fell 33% from a year ago. The number of active listings in Silverdale (111) is up 13% from last month and 52% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.5 months,  worse than the 7 month turnover reported last month. Silverdale is still a buyer's market. 

Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $169,500 at the end of June, about 12% less than a year ago and about the same as last month. The more stable 3 month moving average median price ($169,766) was about the same as a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago.  Bremerton's 3 month moving average for number of closed sales is 33% higher than a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is down 37% from last year. With expiration of the homebuyer tax credit, pending sales in Bremerton have fallen sharply. The number of Bremerton active listings (181) is 15% higher than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.5 months (worse than the 5.6 month turnover last month and 5.4 month turnover a year ago). The Bremerton market seems to be slowing down and is probably still a buyer’s market.

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Homes in Silverdale were selling for a May median price of about $245,000, 12% lower than a year ago. Silverdale's more stable 3 month moving average median closed sale price was $266,333, about 1% lower than a year ago. The Kitsap County 3 month moving average median price is 3% higher than it was a year ago.  The 3 month moving average for Silverdale's number of closed sales was up 17% from a year ago. The 3 month moving average of closed sales is up 25% Countywide from a year ago.  The number of Silverdale pending sales in May is up 5% from a year ago, but recall this number includes pending short sales that may not close. The number of active listings in Silverdale (98) is 14% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 7 months,  worse than the 5.9 month turnover reported last month. Silverdale is still a buyer's 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 May median sales price for Poulsbo was $290,087, down about 18% from a year ago. The more stable three month moving average closed sale price was $307,362, about 6% lower than a year ago. The Kitsap County 3 month moving average median price is 3% higher than it was a year ago. The 3 month moving average number of closed sales in Poulsbo rose 56% from a year ago. The 3 month moving average of closed sales is up 25% Countywide from a year ago.  Poulsbo’s 3 month moving average of pending sales fell 18% from a year ago. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (103) is 15% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 5.7 months, improved from the 8.2 months reported last month. Poulsbo is still a buyer’s market.

Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $169,898 at the end of May, about 3% less than a year ago and about the same as last month. The more stable 3 month moving average median price was 7% higher than a year ago. The Kitsap County 3 month moving average median price is 3% higher than it was a year ago.  Bremerton's 3 month moving average for number of closed sales is 56% higher than a year ago. The 3 month moving average of closed sales is up 25% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is up 13% from last year. Recall this number includes pending short sales that may not close. The number of Bremerton active listings (168) is 3% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 5.6 months (a small improvement from the 6.1 month turnover last month and better than the 10.8 month turnover a year ago). The Bremerton market is probably still a buyer’s market.

Homes in Silverdale were selling for a April median price of about $249,000, a sharp drop from $305,000 last month. This median is 6% lower than a year ago. Silverdale's more stable 3 month moving average median closed sale prince in March of $269,975 was up about 3% from 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 for Silverdale's number of closed sales was up 10% from a year ago. The 3 month moving average of closed sales is up 20% Countywide from a year ago.  The number of Silverdale pending sales in April is up 35% from a year ago, but recall this number includes pending short sales that may not close. The number of active listings in Silverdale (88) is 6% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 5.9 months, better than the 7 month turnover reported last month. Silverdale is still a buyer's market. 

Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $169,900 at the end of April, about 23% higher than a year ago and 19% higher than last month. The more stable 3 month moving average median price was 7% higher than a year ago. The Kitsap County 3 month moving average median price is less than 1% higher than it was a year ago.  Bremerton's 3 month moving average for number of closed sales is 28% higher than a year ago. The 3 month moving average of closed sales is up 20% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is up 43% from last year. Recall this number includes pending short sales that may not close. The number of Bremerton active listings (165) is 2% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.1 months (a small improvement from the 6.5 month turnover last month and up from the 11.2 month turnover a year ago). The Bremerton market is probably still a buyers market.

Bainbridge Island residential properties were selling for a April median price of $555,000, about 6% higher than in March. The more stable three month moving average of closed sale price rose just $500 from last month to $580,500 and is 5% lower than it was 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 for Bainbridge Island's number of closed sales is 54% higher than a year ago. The 3 month moving average of closed sales is up 20% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in April rose 95% from a year ago. The number of active listings on Bainbridge (210) is down 7% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.8 months, the same as last month and much better than a year ago. Bainbridge Island is a buyers market.

Statistics here are for Kingston, the largest housing market in North Kitsap. Activity in Kingston should be representative of the other areas in North Kitsap. Kingston homes were selling for a month end median price of about $217,330 at the end of April, 60% lower than a year ago. Wow! You can see the volatility of this market, which has fewer sales and much larger price swings than more southerly parts of the County. The more stable 3 month moving average of closed sale prices is down 6% compared to 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 Kingston closed sales rose 133% from a year ago, while the number of pending sales is up 114% from a year ago. Recall again that our current pending sales include pending short sales that may not close. The 3 month moving average of closed sales is up 20% Countywide from a year ago. The number of active listings in Kingston (70) is up 6% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 6.4 months (better than the 13.6 months last month). Kingston is still a buyer's 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 April median sales price for Poulsbo was $312,000, up about 2% from a year ago. The more stable three month moving average closed sale price was $308,483, about 10% higher 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 18% from a year ago. The 3 month moving average of closed sales is up 20% Countywide from a year ago.  The 3 month moving average of pending sales was up 13% in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (106) is 25% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.2 months, a slowdown from the 5.2 months reported last month. Poulsbo is still a buyers market.

Homes in Silverdale were selling for a March median price of about $305,000. This median is 16% higher than a year ago. Silverdale's more stable 3 month moving average median closed sale prince in February of $263,642 was up about 4% from 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 for Silverdale's number of closed sales was up 13% from a year ago. The 3 month moving average of closed sales is up 55% Countywide from a year ago.  The number of Silverdale pending sales in March is up 29% from a year ago, but recall this number includes pending short sales that may not close. The number of active listings in Silverdale (92) is the same as a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 7 months, a better than the 18 month turnover reported last month. Silverdale is still a buyer's market. 

Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $142,500 at the end of March, about 4% higher than a year ago and 16% lower than last month. The more stable 3 month moving average was 14% 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.  Bremerton's 3 month moving average for number of closed sales is the same as a year ago. The 3 month moving average of closed sales is up 55% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is up 76% from last year. Recall this number includes pending short sales that may not close. The number of Bremerton active listings (168) is 6% higher than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.5 months (an improvement from the 9.2 month turnover last month and from the 8 month turnover a year ago). The Bremerton market is probably still a buyers 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.