Kitsap County Housing Snap Shot

Kitsap County home owners saw on average a 20% increase in their investment last year. Will it continue in 2006???

Here is what we are seeing today.
Absorption rate has gone from 10 weeks of inventory to 20 weeks over the last 6 months. This represents a slowing of the market, longer market time, not as many mulitiple offer situations and if this trend contiunues perhaps a shift from a sellers market to more of a buyers market.

Will it shift....too soon to tell. The slowing could be a result of the holidays, this effect is not uncommon. We will know more by the end of February which is when the spring market typically starts.

Stay tuned and I'll let you know.

No comments: