June numbers are in. Much like May, we definitely saw the impact of the end of the federal tax credit program. Here are some tidbits that are worth noting:
- Pending sales were 30% lower than June 2009. Believe it or not, this was better than May 2010 which was 40% lower than May 2009.
- Closed sales were up 11% versus last year and prices held steady -- up 1.8%.
- The winner for most resilient neighborhood in Seattle: Belltown/Downtown. Despite the lack of tax credits, Belltown/Downtown was the only Seattle neighborhood with positive year over year June pending sales.