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Market Update: November 2015

November's numbers are in and the Bainbridge Island real estate market inventory continues to wane, as the number of active listings was down nearly 20% month-over-month. Sales also decreased, as the number of units sold was down nearly 30% compared to October's numbers. Given the anemic inventory, however, the median listing price increased $90K from the previous year to $875K. And buyers made their presence felt as the median sale price of $690K was up over $175K compared to last year. Along with increased prices, homes sold in an average of just 23 days on the market, down 62% from the previous year.

Watch November's Market Videos >>