As Kitsap's housing crunch continues, home prices soar

If you’re looking to buy a home in Kitsap’s tight market, the search for a new place hasn’t gotten any easier or, for that matter, cheaper heading into the new year.

With dropping inventory over the past year, homes prices in Kitsap County have only continued to soar — reflecting rising housing costs seen around the Puget Sound.

In Kitsap, median home prices hit $380,000 this January, marking a 12% jump from the same time last year, according to the latest data from the Northwest Multiple Listing Service.

Condominium prices have risen even more quickly. The median price of Kitsap condos increased 84% from a year prior, from $198,000 to $365,000. Condo prices, however, can widely fluctuate month-to-month; January prices are still lower than the start of 2018.

https://www.msn.com/en-us/money/realestate/as-kitsap-s-housing-crunch-continues-home-prices-soar/ar-BBZRqJx?ocid=hplocalnews