Real estate update: Kitsap home prices up to end year

real.estateThe Kitsap real estate market ended 2015 on a high note. At least for sellers.

The median price for houses and condominiums in the county was $266,500 in December, a 13.4 percent increase from December 2014, according to numbers released this week by Northwest Multiple Listing Service.

Kitsap’s overall median home price for 2015 was $258,500, besting 2014 by 8 percent.

Home sales in December were in line with previous years. The county’s already depleted home inventory continued to shrink, with 629 active listings at the end of the year.

We’ll have a more in-depth look at the 2015 real estate market a little later this month, when NWMLS releases its annual report.

In the meantime, here’s a graphical look at key trends in Kitsap:

And here’s a map showing the year-over-year change in median price and closed sales for all the submarkets within the county. Wave your mouse over the graphic to see additional stats (and feel free to share using the embed button):

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