Kitsap County home prices reach a five-year high

 

Julianne Stanford | Kitsap Sun

Home prices in Kitsap County skyrocketed to a five-year high last month as the available supply of homes on the market continued to dwindle, according to Northwest Multiple Listing Service statistics for the month of March.

“It’s a perpetuating problem,” said Christin Webb, a broker with the John L. Scott office in Silverdale. “Higher home prices are making a lack of inventory, and that lack of inventory is spiking home prices. We’re seeing this sort of really ugly cycle that’s not’s going to end quickly.”

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