Here's my cliff notes version of what's going down with Bainbridge Island real estate:

We are seeing a remarkably low inventory, currently we have 165 residential listings.  To put that into perspective for you, this time last year we had 100 more listings than we do today! 

School is back in session, which gave us about 2 weeks of reprieve on the buying frenzy.  Clearly, people are back in their groove, because we are seeing new to the market homes being swept up in their first week on the market, often on the first day! 

The bottom line…Prices are still great, rates are rocking and people are buying!