Bremerton Real Estate Market Trends

Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $118,500 at the end of March, 1% higher than a year ago and 19% higher than last month. The more stable 3 month moving average median price ($110,983) was about 16% lower than a year ago and 6% lower than last month. The Kitsap County 3 month moving average median price is about 14% lower than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 21% higher than a year ago and 2% higher than last month. The 3 month moving average of closed sales is up 3% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 50% from last year. The number of Bremerton active listings (104) is 6% lower than a year ago and 5% lower than last month. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 5.5 months, faster than both the 6.1 month turnover last month and the 6.1 month turnover of a year ago. The Bremerton market is still a buyer’s market.

Bremerton Real Estate - March 2012

	Med price	3mo price	3 mo. Ave. closed sales	3 mo. Ave. Pending Sales	Inventory Turnover (months)
March 2012	$118,500	110,983	17	33	5.5
February 2012	$ 99,450	117,479	17	32	6.1
March 2011	$117,000	132,333	14	22	6.1