According to real estate experts, record low-interest rates combined with a robust demand for homes in Kitsap County despite a pandemic-fueled economic downturn are making available homes a highly coveted commodity. That frenzy is pushing the market to record territory. Kitsap's median single-family home price surged from $383,500 last year to $428,193 in July, the highest level ever. Homes for sale now average less than one month on the market. In many cases, they sell far more quickly.
“I’ve never seen anything like this. It’s mindboggling. If you’re a buyer, you need to be prepared to compete for homes. If you’re a seller, you better be ready to move quickly.”
