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September 2012 Oahu Real Estate Report

By
Services for Real Estate Pros with Prudential Locations

The Market Keeps Growing Hotter!

All market indicators point to stronger sales and rising prices: Sales for single family homes and condos in August are the highest they’ve been since 2007. Added to that, the number of properties available for sale, days on market, and months of remaining inventory are down to their lowest points since 2005 when the market was booming.

With these market pressures, buyers are lucky that prices haven’t skyrocketed yet – but they are starting to rise now. The current low interest rates are a great opportunity for buyers, making the upward price trends more affordable. The low inventory and climbing prices also make the market friendly to sellers, who are seeing a return of value. The good news?  Everyone can benefit from today’s market.

Seller's Tip

Pricing your home at market value opens the door to more people who can afford it. This has a higher chance for multiple offers, which can create competition between buyers and drive up the final sale price. When a home is priced right, buyers fear they may lose out on a good home, so they are less likely to make lowball offers.

August 2012 Oahu Real Estate Report Statistics

 

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