Silverdale Real Estate May 2010
Reposted from http://bprowse.com/silverdale_market
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.
| Med price | 3mo price | 3 mo. Ave. closed sales | 3 mo. Ave. Pending Sales | Inventory Turnover (months) | |
|---|---|---|---|---|---|
| May 2010 | $245,000 | 266,333 | 14 | 20 | 7.0 |
| Apr 2010 | $249,000 | 269,975 | 11 | 23 | 5.9 |
| May 2009 | $277,500 | 268,500 | 12 | 19 | 6.1 |
