Poulsbo Real Estate Market Trends

These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The July median sales price for Poulsbo was $317,750, up about 12% from a year ago and down about 11 % from last month. The more stable three month moving average closed sale price was $322,446, about 4% higher than a year ago. The Kitsap County 3 month moving average median price is 1% higher than it was a year ago.  The 3 month moving average number of closed sales in Poulsbo rose 2% from a year ago. The 3 month moving average of closed sales is down 3% Countywide from a year ago.  Poulsbo’s 3 month moving average of pending sales fell 41% from a year ago. The Poulsbo listing inventory (103) is 11% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 4.7 months, faster than the 6.4 months reported last month and better than most other areas in the County. Poulsbo is still a buyer’s market.

Poulsbo Real Estate - July 2010

	Med price	3mo price	3 mo. Ave. closed sales	3 mo. Ave. Pending Sales	Inventory Turnover (months)
July 2010	$317,750	322,446	18	16	4.7
June 2010	$359,500	320,529	15	17	6.4
July 2009	$282,960	309,320	18	27	6.4