Kitsap home prices slip, sales still strong

After climbing steadily all year, Kitsap home prices finally dipped in August.

The median price for a home in the county (including condos) was $259,950 last month, down from $275,000 in July, but still 7 percent higher than a year ago, according to Northwest Multiple Listing Service.

While prices slipped, sales activity remained strong. A total of 557 home sales were pending in August, 19 percent more than in August of 2014.

Pending sales easily outpaced new listings in the county, keeping inventory low. The 1,033 active listings in August were 34 percent fewer than in August 2014.

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