We've been talking about the real estate market, not only in Kitsap County but through out the U.S. Here is a good graphic represetnation showing the trend in our neck of the woods since January of 2000. This may well apply to your area as well.
The top, magenta line shows number of active listings on the market.
The middle, darker line shows the number of new listing which came on the market that month.
The bottom yellow line shows the number of transactions that went pending in the month.
As you can see the overall trend is downward for number of listings available for buyers to see even though the number of buyers, represented by the transactions that went pending, the dark line, has stayed constant.
It will be interesting to see what happens over the next 30 to 45 days as our annual spring market developes.
Posted by Frank Wilson