Kitsap home prices heat up; activity still cool


Home prices in Kitsap took a jump this summer. But hot weather seemed to cool off real estate activity.

Prices were up in June and July compared with 2013, perhaps reflecting competition for the relatively small supply of available homes.

The median price for closed sales last month – $255,050 – was 6.5 percent higher than in the same month last year, according to numbers released by the Northwest Multiple Listing Service. (It should be noted prices took an odd dive in July 2013):

Homes were selling for more across much of the county in July:

Professionals say Kitsap real estate trends lag behind King County by six months to a year. Prices in Kitsap certainly haven’t lifted off in the same way they have across the water this year. Here’s a look at how median prices in the two counties have stacked up over the past three years:

While prices picked up in July, listing and sales activity remained largely unchanged from 2013. More new properties came on the market but the overall inventory of available homes was still low.

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