The graphs 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) on the west side of Puget Sound in Washington State.

The average market time for all homes on the market is continuing to decline for all three markets, typical for the spring. The average market time for properties on the market is 146 days for NK, 151 days for BI and 200 days for SEJ. The average market time for just those properties that sold is significantly lower for NK and BI.

In SEJ the average market time for sold properties has continued the increase noted the last two months. In fact, in the week ending April 22 the average market time for the sold properties exceeded the average for active listings by 30 days. I take that as reaffirmation of my belief that many property owners who have had their homes on the market for a long time have reduced their prices to the point that they have finally sold.

The graphs show that NK average selling prices continue to move upward from their recent sharp drops. In NK and SEJ average prices are still below the levels at which they were prior to the sharp drops. In BI, they have moved above that level.

Sales are up in are up in all three areas over the same period last year. They were down in NK and SEJ for the most recent week included in the data, but have been up before and after that week.