While the island continues to faces a huge inventory drought, there’s no shortage of homebuyers eager to jump into the market this spring.
Tag Archives | Real Estate Market Update
Year-to-date prices, sales volume, days on the market, and sales pending — all exceed the pace set in 2016.
Median prices of single-family homes and condos continue to trend upward.
Prices are on the rise, but not too fast — at a healthy rate. These are not boom-level indicators, but reflect modest, sustainable increases, based upon solid economic rationales.
Condo sales are up 19.5% in August — an indicator that condos and townhouses remain an attractive alternative to single-family homes for homebuyers desiring a more affordable price point.
According to July stats gathered by the Honolulu Board of REALTORS®, Oahu prices and sales activity continue on a soaring trajectory, while inventory remains low.
Supersonic days-on-the-market stats set a new record in June.
Single family home sales volume was strong in May, kicking off the summer buying season, which typically peaks in June.
With Oahu’s housing inventory shortage dropping to near two-year lows last month, it’s likely homes will sell faster and for more money in the coming months.
With the busy summer selling season for residential real estate on Oahu almost upon us, recent sales prices and volume are up.
The number of single-family homes coming onto the market (supply), is not keeping pace with demand.
While median prices were nearly flat in January, market indicators are consistent with a strong and continuing demand.
Oahu housing market stats from the last month of 2016 reflected an uncharacteristic spike in sales activity as the year came to a close.
With the distraction and uncertainty of the presidential race behind us, Oahu’s real estate market has surged with an unexpected late-year rally.
The inertia of the scorching hot summer season continues.
No slowdown in housing demand as Summer comes to an end.