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, 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
