Silverdale Real Estate in May 2009
Homes in Silverdale were selling for a May median price of about $277,500, down 12% percent from a year ago. The 3 month moving average for Silverdale median closed sale price of $268,500 was about 11% less than a year ago. Kitsap County’s 3 month average median price has fallen 11% over the past year. The 3 month moving average for Silverdale's number of closed sales was 8% lower than a year ago, compared to a drop in closed sales of 11% for the County as a whole. The number of Silverdale pending sales in May is up 39% from a year ago. The number of active listings in Silverdale (86) is 39% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 6 months, improved from last month's rate of 7.5 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.
