I started working on some June YOY stats over on my blog, but I think I’m going to give it a few more days to make sure all of the June closings are posted before making any comparisons over here besides the regular stats.  It is a holiday weekend, and I’m sure more than the normal amount of June 30 closings may be posted next week.

So far it looks like June 2008 residential sales in King County were 44% less than last year and 56% less than the high as to volume, and prices are slightly down both on a price per square foot basis and median sale price,  Condos also down a little over 50% as to volume both from last year and from the high, but while median price per square foot is down, median prices are up as is the median size of condos sold in June.  Instead of spending less, condo buyers are opting for getting more square footage at that lower price per square foot, and spending more to get the larger units.  Likely a move toward being able to hold longer.

I’ll do some 1st and 2nd quarter comparisons and 1st half YOY in a few days when I’m sure the majority of June 30 closings have been posted.  For now let’s update our regular weekly stats.  Inventory is down this week (selling faster than they are coming on market) in both the condo and residential categories.

King Couny Condos

2004 – 1Q – 1,694 – $188, 2Q 2,636 – $199, 3Q 2,540 – $196, 4Q 2,176 – $195

2005 – 1Q – 2,066 – $198, 2Q 2,925 – $209, 3Q 2,769 – $226, 4Q 2,266 – $224

2006 – 1Q – 1,956 – $242, 2Q 2.748 – $252, 3Q 2,737 – $269, 4Q 2,217 – $278

2007 – 1Q – 2,042 – $295, 2Q 2,862 – $302, 3Q 2,676 – $311, 4Q 1,618 – $294

2008 – 1Q – 1,258 – $299, 2Q 1,485 – $286 (2Q postings as of 7/06/08)

Changes in condo stats for this week

Active Listings: 3,958 – DOWN 89- median price $319,990 – MPPSF  asking $319 – DOM 64

In Escrow:  870 –  DOWN 43 – median asking price $295,000  – MPPSF asking $298  – DOM – 49

Sold YTD :  2,777 – UP 132 – median list price $292,000 – median sold price  $287,900 – median PPSF – $291 DOM 49  Note: only 35% selling in 30 days or less.

Residential King county

2004 – 1Q 5,650 – $152, 2Q 9,237 – $160, 3Q 8.737 – $163, 4Q 7,467 – $165

2005 – 1Q 6,402 – $173, 2Q 9,093 – $185, 3Q 9,131 – $192, 4Q 7,301 – $195

2006 – 1Q 5,596 – $201, 2Q 8,248 – $214, 3Q 7,771 – $216, 4Q 6,204 – $217

2007 – 1Q 5,304 – $222, 2Q 7,393 – $230, 3Q 7,944 – $229, 4Q 4,301 – $221

2008 – 1Q 3,640 – $219, 2Q 4,558 – $220 (2Q  – postings as of 7/06/08)

Changes in residential stats for this week

In Escrow: 2,760 – DOWN 103 – median asking price $435,495 – DOM 49 – MPPSF $209

SOLD YTD: 8,315-  UP 407- median asking $449,950 – median sold price $440,000- DOM 49 – MPPSF $218  Note: Only 36% selling in 30 days or less.

Actively for sale 11,903 – DOWN 284- MPPSF <$800,000 is $220- MPPSF >$800,000 is $336

Stats not compiled or published by NWMLS. (Required disclosure)