Kitsap County median residence costs attain $600,000; state costs drop

The market has 1.28 months of housing inventory, compared with just 0.54 months in June of last year.

The median residential residence worth in Kitsap County jumped from $550,000 to $600,000 in June, a record-high worth for homebuyers who’re more and more discovering it troublesome to afford a house, in response to information from Northwest A number of Itemizing Service.

In the meantime, median residence costs in Washington state dropped barely from $660,000 to $650,000.

Energetic listings rose from 288 listings in Might to 606 listings in June, a list enhance of 110%. The market has 1.28 months of housing stock, in contrast with simply 0.54 months in June of final yr.

‘Simply not sufficient housing’:Efforts to accommodate tribal members hampered by lack of land Suquamish Tribe endured

However Frank Wilson, Kitsap regional supervisor at John L. Scott Actual Property, mentioned {that a} typical housing market three years in the past would have had between 1,300 and 1,500 energetic listings every month, moderately than beneath 1,000. “We have to put all of it in perspective,” he mentioned.

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