The graphs reached through the link below show the average market time, average list price and average sales price for homes over the past several years for North Kitsap County (NK), Southeast Jefferson County (SEJ) and Bainbridge Island (BI). At the time these graphs were created, the average sales price was 75 percent of the average list price for NK, 71 percent for SEJ and 65 percent for BI. These figures are down from historic levels.

The graphs continue to show buyers markets. For now, average selling prices may have leveled, or at least, declines have moderated considerably. The selling prices in all three areas are hovering at levels last seen in 2005. Average selling prices in NK have shown a small short term upswing, the other two a small downward trend.

Unit sales volumes are still down from levels earlier in the year in all three areas, with the lowest level in SEJ where the unit sales in a recent week represented less than 1/2% of the available inventory. That is a rate of just under 25% inventory turnover in a year.

Inventories in NK and BI are continuing their usual increasing trend for this time of year, and are up about 4% and 5% respectively over last year at the same time. Inventories in SEJ are at record highs, up about 15% over the same time last year.

This is still a good time to be a buyer. If you are a seller, you probably are a buyer as well.

To view the graphs, click on the link below:

 

Market Graphs