Kitsap median home price steadies at $265k

Kitsap home sales remained strong in June, while the county’s median home price leveled off at $265,000.

Pending sales were up 18 percent compared with June 2014, according to numbers released Monday by Northwest Multiple Listing Service.

The $265,000 median price for closed sales was 6 percent higher than a year ago. Year-to-date, homes are selling for about 8 percent more this year than in 2014.

Inventory remained very low in June with 956 homes on the market, 35 percent fewer than in June 2014.

The months supply of homes (the time it would take to sell off all available homes if no new listings were added) dropped to 2.23 months. A six-months supply is considered a balanced market.

I’ll be writing a more in depth story about Kitsap’s real estate market through the first half of 2015 a little later this week. For now, here’s a graphical look at June real estate trends:

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