Sales are creeping up, inventory is slipping down, but home prices in Kitsap remain remarkably unchanged.
According to the latest NWMLS report, 291 homes (both houses and condos) sold in Kitsap in April. That was about 4 percent more than a year ago. Closed sales have ticked up steadily since January this year, as they’re supposed to. Another 506 sales were pending, also an improvement from April 2013.
Inventory was lower than a year ago. Active listings (1,250) and new listings (561) were both down in April from the previous year. The months of inventory (the time it would take to sell off the homes on the market) declined each month since January, and now rests at 4.3 months.
Prices, meanwhile, have barely budged. Less than $500 separated the median price of homes in Kitsap in April 2014 ($232,950) and April 2013 ($233,310):