Kitsap home sales still brisk, inventory low

Pending and closed homes sales activity remained brisk in Kitsap County in October, following September’s burst of activity.

Both pending sales (429) and closed sales (378) were up roughly 15 percent in October, compared with the same period in 2013, according to the Northwest Multiple Listing Service.

The uptick in sales put further strain on the inventory of available homes, which was 15 percent lower in October than in 2013. The months supply of homes (the number of months it would take to sell off the available inventory) dropped to 3.34 in October, the lowest so far this year.

 

Median home prices remain stable countywide, while varying widely from area to area (see chart below). The median October closed sale price for a home in Kitsap was $244,475, down from September ($249,950) and October 2013 ($244,975).

Here’s how closed sales and median prices looked across the county in October, compared with 2013:

Follow business reporter Tad Sooter on Twitter at @tsooter. Contact him at tad.sooter@kitsapsun.com or leave a comment below.

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