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 March median sales price for Poulsbo was $264,500, down about 6% from a year ago and up about 3% from last month. The more stable three month moving average closed sale price was $243,833, about 17% lower than a year ago.  The Kitsap County 3 month moving average median price is about 14% lower than it was a year ago. The 3 month moving average number of closed sales in Poulsbo fell 3% from a year ago. The 3 month moving average of closed sales is up 3% Countywide from a year ago. Poulsbo’s 3 month moving average of pending sales was up 6% from a year ago. The Poulsbo listing inventory (99) is 10% lower than a year ago and 29% higher than last month - inventory is building quickly! The inventory turnover (total homes on the market divided by number sold last month) fell slightly to 7.1 months from last month’s 5.9 month turnover rate and is faster than the 10 months reported a year ago. Poulsbo is a buyer’s market.

Poulsbo Real Estate - March 2012

	Med price	3mo price	3 mo. Ave. closed sales	3 mo. Ave. Pending Sales	Inventory Turnover (months)
March 2012	$264,500	243,833	10	19	7.1
February 2012	$257,000	242,517	9	16	5.9
March 2011	$279,800	293,891	10	18	10