Prices are up. The number of single-family home sales is up. Days-on-the-market is shorter and months-of-inventory-remaining is scant.
Author Archive | Glenn Perry (RA)
The annual percent increase in prices was a modest, healthy, and stable rise — single-family home prices up 2.7%, and condos gained 3.8%.
Oahu’s gross valuations of residential properties have grown about 6.1 percent.
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.
“It is amazing to see record sales prices and also the speed at which homes are selling this summer,” said Sue Ann Lee, president of Honolulu Board of REALTORS®.
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