Silverdale Real Estate Market - March 2011

Homes in Silverdale were selling for a March median price of about $265,000,  13% lower than a year ago and 2% lower than last month. Silverdale's more stable 3 month moving average median closed sale price was $268,333, 5 percent higher than last month and 2% higher than a year ago.  The Kitsap County 3 month moving average median price is about the same as it was a year ago. The 3 month moving average for Silverdale's number of closed sales is 12% lower than a year ago. The 3 month moving average of closed sales is down 12% Countywide from a year ago. The 3 month moving average of Silverdale pending sales in March was 28% lower than a year ago. The number of active listings in Silverdale (98) is 7% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 14 months,  slightly faster than the 18.8 months reported last month and quite a bit slower than the 7.1 month turnover of a year ago. Silverdale is  a buyer's market.

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