Jul. 6, 2007 - Kirkland, Bellevue, Redmond $200,000 to $400,000

This appears to be the only category where June sales are less than May sales.  I think increased interest rates, tighter lending standards and tighter appraisal standards have impacted this segment moreso than others.  Still, inventory vs. in escrow is clearly not excessive and in escrow far exceeds both May and Jne closings.  So an odd trend, but not predictive of market weakness overall.