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Kitsap Real Estate Market Report - March 2012
By hdnelson
Our March Kitsap real estate market report has been posted. A quick look at the graphs for this month’s market trends shows that home sales are actually climbing, both pending sales and closed sales, that the inventory is turning over more quickly (this is a good thing), that the inventory of listings is lower than at any time since 2007, that the number of closed sales is the 2nd lowest since 2007 (2009 was worse), and that the median closed sales price is nearly $20,000 lower than any other time since 2007. This stark drop in the 3 month moving average of median prices reflects January’s abnormally low median price. Median price actually bounced up nearly 30% in February.
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