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 $260,550, down about 10% from a year ago and down about 10% from last month. The more stable three month moving average closed sale price was $278,350, about 9% lower than a year ago.  The Kitsap County 3 month moving average median price is about 1% lower than it was a year ago. The 3 month moving average number of closed sales in Poulsbo rose 24% 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 fell 6% from a year ago. The Poulsbo listing inventory (95) is 17% lower than a year ago and 13% lower than last month. The inventory turnover (total homes on the market divided by number sold last month) slowed to 7.9 months, slower than last month’s 6.8 month turnover rate and slower than the 6.4 months reported a year ago. Poulsbo is a buyer’s market.

Poulsbo Real Estate - December 2011

	Med price	3mo price	3 mo. Ave. closed sales	3 mo. Ave. Pending Sales	Inventory Turnover (months)
December 2011	$260,550	278,350	14	16	7.9
November 2011	$289,500	276,500	16	17	6.8
December 2010	$288,500	306,000	11	17	6.4