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HBR Monthly Market Stats June 2024: Housing market heats up, despite dip in condo sales Typically, as the summer temperatures get hotter, so does Oahu’s real estate market. June median sales prices for single-family homes and condos saw a modest, year-over-year increase. There was also a modest increase in single-family home sales last month, also very typical for summer. However, condo sales volume in June took a significant dip, dropping […]
HBR Monthly Market Stats May 2024: Summer sales data show strong activity in more affordable price ranges As the real estate market kicks into summertime high gear, affordability is at the forefront of buyer’s minds. And with mortgage rates hovering near 7%, and affordability low, buyers — even first-timers — are finding a path to success by zeroing in on the most reasonably-priced properties on the island, even it means downsizing their […]
HBR Monthly Market Stats April 2024: HBR reports positive recovery signs for Oahu’s housing market Despite higher mortgage rates, and recent increases in homeowner’s insurance rates due to fire and weather events around the country, including the Lahaina tragedy, island home values remain strong. Yet, while home values have increased, affordability faces challenges as the increasing cost of homeownership is forcing buyers to reexamine their buying plans. Mike James, president […]
HBR Monthly Market Stats March 2024 Oahu Market Snapshot March 2024 Oahu Market Snapshot Aloha! Spring is here, and while the real estate market didn’t quite blossom as expected in March, there are still some positive signs. Sales Single-family home sales dipped slightly year-over-year (2.5%), but the median sales price held strong, rising 1.5% to $1,100,000. Condo sales, however, saw a more significant drop […]
HBR Monthly Market Stats February 2024 Oahu Market Snapshot February 2024 Oahu Market Snapshot Aloha! Spring is almost here and the Hawaii real estate market is warming up! Here’s a summary of key February trends for both buyers and sellers, based on the latest statsistics released by the Honolulu Board of REALTORS®.: Market Highlights: Sales: Overall sales volume increased slightly year-over-year (YoY). Condo sales […]
HBR Monthly Market Stats HBR Monthly Market Stats for January 2024 January 2024 Oahu Market Snapshot Aloha! I’m pleased to share this market report with you, based on the latest statistics released by the Honolulu Board of REALTORS®. Oahu’s housing market saw an uptick in sales in January 2024 (compared to the same time last year), however properties stayed on the market a bit longer. Here’s […]
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