Aloha,
Buyers are waiting for prices to drop, sellers are waiting for prices to increase and everyone is waiting for mortgage interest rates to decrease. Meanwhile, there are mixed results in each of these categories and once again, property sales and prices vary by neighborhood. Mililani continues to see a rather robust market while Hawaii Kai is down in number of sales by about 50%.
Here are the April 2023 Market Statistics from HBR.
As always, I love to hear from you!
Thank you, Judy
Aloha, According to the Honolulu Board of Realtors, in March, single-family home sales dipped by 2.5% year-over-year and condo sales
Aloha, Both the single-family and condo markets experienced year-over-year growth in median sales price. Single-family homes observed an 8.9% jump,
Aloha,November property sales declined slightly year-over-year, with total combined, single-family and condo sales dipping about 8% compared to November 2022.
Aloha,Mortgage interest rates seem to be on a slightly downward trend with the 30 year hovering at 7%. Meanwhile, inventory
