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 December median sales price for Poulsbo was $254,250, down about 13% from a year ago. The more stable three month moving average closed sale price was $282,709, about 5% lower than in December 2008. The Kitsap County 3 month moving average median price is just about the same as it was a year ago. The 3 month moving average number of closed sales in Poulsbo rose 50% from a year ago. The 3 month moving average of closed sales is up 39% Countywide from a year ago.  December pending sales were up 50% in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (98) is 36% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 5.9 months, somewhat worse than the 4.2 months reported last month - but still very good. Poulsbo is probably still a buyers market because of the shadow inventory of homes pulled off the market in the past year without selling, but looks like it has improved recently.

Poulsbo Real Estate - December 2009

	Median Price	3 mo Ave Price	3 mo ave Closed Sales	3 mo ave Pending Sales	Inventory Turnover (months)
Dec 2009	$254,250	$282,709	18	15	5.9
Nov 2009	$291,378	$298,293	20	20	4.2
Dec 2008	$362,000	$344,000	12	10	36