Kitsap County Market Statistics for October 27, 2008

The number of contracts written the past week increased to 42 from 30 the previous week and 25 the week before that.

The absorption rate for Silverdale was 122 weeks of inventory for sale which has been relatively stable except for last week when the number was 61 weeks.

The absorption rate for Kitsap County was 159.2 weeks of inventory and the range for the past eight weeks has been a low of 78.4 weeks to a high of 199.8 weeks.

There are currently 2,547 active listing on the market in Kitsap County. That number has decreased about eight percent over the past eight weeks. But as I've said previously, it's because sellers realize they can't get the price they want so they don't list, not because the market is improving.