Kitsap County’s real estate market picked up in January right where it left off in December.
Sales activity was brisk. Inventory continued to scrape bottom.
According to Northwest Multiple Listing Service, there were 225 closed sales reported in Kitsap in January, the same number as in January 2014.
Pending sales, on the other hand, were up 16 percent from January 2014, promising a boost in closed sales early this year.
The number of available homes in the county just keeps dropping. There were 843 homes available in January, almost 30 percent fewer than in January 2014. The months supply of homes —the number of months it would take to sell off all the homes on the market if no more were added — rose from 2.7 in December to 3.7 in January, thanks to a slowdown in closed sales.
Home listings tend to pick up through the spring, but it will take a significant influx to replenish the county’s supply.
Prices inched up slightly to start the year. The countywide median home price (counting condos) in January was $225,000, up about 6 percent from the January 2014.
The rolling three-month median (which eliminates some of the month-to-month price swings) was about $240,000, about a $10,000 bump from 2014.
Below is a look at the three-month median price in school districts around the county. Prices were up across the board:
