Silverdale Real Estate in June 2009
Homes in Silverdale were selling for a June median price of about $340,000, up 37% percent from a year ago. This is a big jump from last month and indicates that the price distribution in the market has changed rather than that prices are rising. The 3 month moving average for Silverdale median closed sale price of $294,167 was up 9% from a year ago. Kitsap County's 3 month average median price has fallen 10% over the past year. The 3 month moving average for Silverdale's number of closed sales was 19% lower than a year ago, compared to a drop in closed sales of 3% for the County as a whole. The number of Silverdale pending sales in June is up 47% from a year ago. The number of active listings in Silverdale (73) is 43% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 4.9 months, improved from last month's rate of 6 months. Silverdale is looking now like a neutral market, but there appears to be a large shadow inventory of unsold homes not currently on the market.
Total listings on the market by month for silverdale
Number of Closed Sales each month for silverdale
Variations in Median Price Month by Month for Closed Sales in silverdale
