Market Updates

Jan. 9, 2022

Home prices continue to rise and condo sales are strong

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 ...

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Dec. 9, 2021

Condo owners - it's a great time to sell!

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 ...

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March 6, 2021

Market Update: When the government prints $2 trillion, buy houses.

"Don't fight the Fed," is what people say about the stock market when the government prints (fiat) money like it's going out of style (it is.)  Inflation is here, and even the Fed finally acknowledged that this week.  What this means is that your dollar buying ...
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May 28, 2020

Mortgage rates hit record low

 

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 ...

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Posted in Market Updates
May 12, 2020

Oahu home sales price holding strong

 

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 ...

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April 14, 2020

Promising signs of recovery in real estate market

 

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

Inman.

 

The article ...

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Posted in Market Updates
March 9, 2020

Take Advantage of Low Mortgage Rates

 

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,” ...

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Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

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 ...

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Posted in Market Updates