Fewer homes were sold in the second quarter of 2020 than this time last year—an over 25 percent difference. It’s likely tied to the COVID-19 pandemic, as it appears that this usually busy time of year, slowed throughout much of western Washington, and Bainbridge Island was no exception. There was good news for sellers who listed during the second quarter: it was a seller's market with 2.1 months of inventory and the price per square foot was up 17 percent year over year. The median sales price for homes on the island was down, however, from $982,000 last year to $918,000. And while only half as many homes were on the market compared to this time last year, the average time on market was up by a week compared to 2019.
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