Tag Archives: median price

Kitsap home sales start holidays on a high note

The busy holiday season is a time when home sales typically taper off. Most buyers put off house hunting until the new year.

Sales have indeed dropped in Kitsap, but activity is still more intense than it was a year ago.

There were about 16 percent more closed sales and 5 percent more pending sales in November than in November 2013, according to a report from Northwest Multiple Listing Service. The high number of closed sales make sense, given the large number of pending sales reported in the last few months.

The median home price for the county remained pretty much flat, ending November at $245,000.

Inventory continued to drop. There were 1,086 active listings in November, compared with 1,262 in October, and 1,483 in November 2013.

The months supply of homes (the number of months it would take to sell off what’s available on the market) rose from 3.3 in October to 3.7 in November, reflecting the sales slowdown. King County’s rate, for comparison, was hovering around 2 months.