Kitsap County home sales remained strong in October, despite a dwindling supply of available houses.
A total of 473 sales were pending last month, according to Northwest Multiple Listing service. That was a 10 percent jump from October 2014, and 27 percent increase from October 2013.
Closed sales were also strong, with 422 transactions completed in October.
According to assessor’s records, Kitsap County had already broken the $1 billion mark for home sales by the end of September this year, easily outpacing sales volumes from the same period of 2014:
The already low inventory of homes continued to decline on October. The 888 homes for sale were 30 percent fewer than in October 2014. Here’s a graphical look at sales activity and listings through October:
The October median price for houses and condominiums in Kitsap was $258,500, nearly unchanged from September.
This graphic shows median month-by-month median home prices for Kitsap, and year-to-date home prices across the county:
