Weekly Kitsap County Marketing Statistics for May 25, 2009

The number of newly written contracts was 43 and back to where we were from January through March.

I'm also identifying the actual number of short sales and foreclosures from now on.

So here are the stats:

• 1,776 active listings in the county
• 89 active listings in Silverdale
• 43 new contracts written (one short sales and nine foreclosures)
• 40 sales in the county (one short sale and 12 foreclosures)
• Kitsap County absorption rate is 40.4 weeks of inventory for sale
• Silverdale absorption rate is 86 weeks of inventory

Total short sales and foreclosures is still around 25% of transactions.