May. 25, 2008 - King County Condo Stats

Condo Market - King County Washington

Volume Changes:

Sold 1/1/07 to 5/15/07 - 3,319 condos sold

Sold 1/1/08 to 5/15/08 - 1,894 condos sold

Volume down 43%

Currently in escrow awaitng close 972

Currently for sale 3,953.  By 2007 standards that would have been just over 5 months of inventory.

By 2008 standards that is 9.4 months of inventory.

Median days on market has increased from 25 days to 48 days.

Prices are down by 2.5% from $296 per square foot to $289 per squre foot (median)