Kitsap County - We need a price reduction!

 

Homes on Market :: 2153

Median Market time for 2008 ::  74 Days

Homes on Market right now longer than 120 days :: 781 of which 75 have been on the market longer than 365 days - yes, longer than ONE YEAR!

 

Of the homes listed for sale between $200,000 and $300,000 there are 211 that have been on the market longer than 120 days.  Homes listed for sale between $300,000 and $400,000 run second place with a total of 156 homes on the market longer than 120 days.

Yes, it’s a buyer’s market in Kitsap County with proof from the absorption rate and yet buyer activity is so slow because sellers are either not getting the correct information from their real estate professional or they aren’t listening to the advice.  I also believe that some real estate professionals are taking the listing not based on facts and numbers but on wishes and dreams. 

If you want to sell your home in Kitsap County and realize your dreams you must price the property to sell. Why be on the market for 6 months, 9 months or even 1 year?  Reduce your price and do what you were planning to do.  Why is everyone wasting so much time and energy on over-priced listings?  The market has changed!

 

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