Home sales tick up, prices down in August

Kitsap home prices surged but sales were slow in July. Activity flip flopped in August, with sales ticking up and median prices slipping.

According to Northwest Multiple Listing Service, the median price of a home in Kitsap dipped to $243,000 in August, after hitting a peak of $255,000 in July.

Closed sales recorded in August (400) were up compared with July (358) and August 2013 (383). Pending sales jumped as well.

Year-to-date closed sales for 2014 (2,154) are still slightly ahead of 2013 (2,408):

Sales this summer kept the county’s inventory of available homes low with a 3.89-month supply, down from 5.2 months at the start of the year.

A total of 512 homes came on the market in August and 1,555 listings were active, four fewer than at the same time in 2013.

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