November marks the third consecutive month of double-digit percentage growth for single-family homes
“The market continues to show good activity, which is encouraging for this time of year when it typically cycles towards reduced seasonal activity,” said Jenny L. Brady, president of the Honolulu Board of REALTORS®. “We’ve seen growth in sales with stable prices over the last few months. It’s a good time to start working with a REALTOR® who can help buyers and sellers better understand these market conditions and navigate their opportunities.”
Homes sold within the $700,000 to $799,000 price range saw the most significant sales volume increase of 36.4%, while sales of condos in the $300,000 to $499,999 range increased by 12.9%. Overall, year-to-date median sales prices continue to hold steady. The single-family year-to-date median price decreased by 0.6% from $790,000 to $785,000 over the same time last year, and the condominium year-to-date median price remains flat at $425,000.
Information provided by the Honolulu Board of Realtors. CLICK HERE to see an overview of stats.
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