Watching stats like these will help you determine what kind of a market you are in.
For Kitsap County Washington as of 3/6/2006
888 Active Listings
85 Homes went Pending last week
55 Average Days on Market
$276,801 Average List Price
$274,800 Average Sale Price
99% List price to sale price ratio
10.45 weeks of inventory
Learn more about Defining Your Market.