Kitsap County Market Statistics for May 18, 2009

There were 52 new purchase contracts written in Kitsap County this past week. That means over the past seven weeks we've been averaging 30% more contracts being written.

However, not all of these purchases have closed and if a property comes back on the market then there is some double-counting.

But here are the numbers:

• 52 new purchase contracts (16 either short sales or foreclosures)
• 35 sales county-wide (10 either short sales or foreclosures)
• 1,780 active listings county-wide
• 50.9 weeks of inventory for sale county-wide
• 84 weeks of inventory in Silverdale

Keep watching the absorption rate trend line that I'll be posting on some of my charts.