Aloha,
Prices in both single family homes and condominiums have held steady since this time last year; However, both inventory and number of sales have decreased, single family sales by 28.2% and condos by 18.5%.
Higher interest rates have some buyers sitting on the sidelines. Clearly there are still many buyers as the median days on market has been 16 days in July sales.
Here are the July 2023 Market Statistics from HBR.
As always, I love to hear from you!
Thank you, Judy
Aloha, According to the Honolulu Board of Realtors, August sales were nearly even compared to a year ago, with single-family
Aloha, The number of sales in June were up for single-family homes and down for condos. Year-to-date, prices were moderately
Aloha, Single-family home sales in May fell 5.0% year-over-year and month-over-month, while condo sales increased 9.1% year-over-year and 10.9% from
Aloha, In April we were happy to see an uptick in sales: however, sales still remain at lower levels compared
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