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 the previous month in the more affordable under $500,000 price range, according to the Honolulu Board of Realtors.
Median sales prices for both single- family homes and condos saw a slight decline compared to May 2023. Inventory has ticked up as have mortgage rates, presenting both an opportunity and a challenge for Buyers.
Here are the May 2024 Market Statistics from HBR.
As always, I love to hear from you!
Thank you, Judy
