Aloha,
Median sales prices in both single-family and condo markets declined, dipping 12.3% for single-family homes from $1,125,000 to $987,000 compared to 2022, according to the Honolulu Board of Realtors.
The condo market experienced a modest 3.4% decline from $497,000 to $480,000.
The number of sales in both markets in February increased slightly from January.
As more inventory enters the market, it is becoming a more balanced market between Buyers and Sellers.
Here are the February 2023 Market Statistics from HBR.
As always, I love to hear from you!
Thank you, Judy
