Kitsap County Marketing Statistics for June 29, 2009

The number of newly written purchase contracts continues to be a positive indicator of the newly-found interest of buyers.

These are the statistics for the past week:

• Total number of listings for sale in Kitsap County - 1,772
• Total number of listings for sale in Silverdale - 73
• Number of new purchase contracts written in Kitsap County - 65 (seven short sales, five foreclosures)
• Number of closed sales in Kitsap County - 56 (five short sales, ten foreclosures)
• Absorption rate for Kitsap County - 31.6 weeks
• Absorption rate for Silverdale - 24.3 weeks

The absorption rate for the county is remaining relatively stable but the rate for Silverdale is fluctuating between 25 weeks and 80 weeks.

The number of active listings in Kitsap County remains below 2,000 houses.

Buyers continue to make offers on short sale properties but very few of these purchase offers ever close.