Aloha,
November property sales declined slightly year-over-year, with total combined, single-family and condo sales dipping about 8% compared to November 2022.
Year-over-year, the median price of a single-family home dipped 4.3% to $1,100,055. Conversely, condos marked a 7.5% increase to $516,179.
With mortgage interest rates heading downward, we are looking forward to 2024!
Here are the November 2023 Market Statistics from HBR.
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,Mortgage interest rates seem to be on a slightly downward trend with the 30 year hovering at 7%. Meanwhile, inventory
Aloha,To say that higher interest rates are affecting sales is an understatement. The number of sales for both single-family and
