Lower Inventory on Oahu Led to Higher Home Prices in March - 04/24/12 09:34 AM
Months of remaining inventory in March was the lowest we’ve seen in years. Homes are now at 4 months and condos at 4.5 months. According to the National Association of Realtors, anything less than 6 months is considered a “seller’s market.” Believe it or not, we’ve been in a seller’s market now since September of last year.
The median sales price for a single family home on Oahu jumped 13.9% from last year to $625,000, which was also the same price we had in February. Other trends pointing towards a seller’s market are a 10.8% drop in the numbers of sales as … (2 comments)

 
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David Buck

Honolulu, HI

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Hawaii Life Real Estate Brokers

Address: 4614 Kilauea Ave., Suite 206, Honolulu, HI, 96816

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Hawaii Real Estate through David Buck, a Realtor in Honolulu, Hawaii. Insights to real estate market trends, housing, economy, statistics, and where the Honolulu or greater Oahu real estate market is headed.


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