The first quarter of 2022 closed with new record median sales prices for both single-family homes and condos at $1,150,000 and $515,500, respectively. How did that happen?
Fewer single-family homes were sold in March and the first quarter, with the most significant decline occurring in the $899 ...View More
For the last five months, the median sales price for a Single-family home has stayed between $1 Million and $1.05 Million. Although the Year-over-Year closings are down 10%, December 2021 closings were still higher than November. Median days on the market were only 11 days and sold 2 ...View More
Condo owners - it's a great time to sell! The market has set a new record low of only 9 median days on the market! Buyers are loving the more affordable price points of condos. While most of the sales volume occurred in the $400,000 - $499 ...View More
According to a market survey by Freddie Mac, mortgage rates dropped to an all-time low as of Thursday, May 28th.
“The 30-year fixed-rate mortgage has again hit the lowest level in our survey’s nearly 50-year history, breaking the record for the third time in just the ...View More
According to the latest report released by the Honolulu Board of REALTORS ® on May 6, last month’s (April 2020) median sales price remained steady and even showed a slight uptick compared to last year.
The report showed single-home median sales price had risen 5.5 percent to ...View More
As coronavirus restrictions continue to lift in China, the country’s real estate sales
“reached 5,976 on March 31 – an enormous increase from a low of 22 on Feb. 8,
when the country was at the height of the pandemic”, reported an article from
The article ...View More
On Friday, March 6th, Honolulu Board of Realtors released the monthly housing market update, stating that single-family home sales increased 18.8% from February 2019.
“While COVID-19 presents new concerns and uncertainty in the general economy, the impact on our housing market remains to be seen,” ...View More
Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...View More