Aloha,
Both numbers of sales and prices on both single family homes and condominiums are lower than this time last year, according to the Honolulu Board of Realtors.
Despite the lower numbers, properties priced well are still selling quickly and one third are still selling above asking price.
The increase in mortgage interest rates continues to impact real estate sales. Again, all real estate is local, so please check the neighborhood link below and call me anytime!
Here are the August 2023 Market Statistics from HBR.
As always, I love to hear from you!
Thank you, Judy
