The June 2008 resales numbers are in.
Single Family Home Sales volume is down from the period last year, although median prices made a rebound in May they saw a dip in June.
Condominium Sales had a similar drop in volume while the median price which showed a modest increase in May saw a small dip in June.
With interest rates still holding, buyers should see it a good time to take advantage of the market conditions in most areas.
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For the Month of June 2008
|
|
|
|
OAHU SINGLE FAMILY HOME RESALES
|
|
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Number of Sales
|
This Month Compared to
|
Median Sales Price
|
This Month Compared to
|
|
June 2008
|
232
|
|
$625,000
|
|
|
May 2008
|
252
|
|
$649,500
|
-3.8%
|
|
June 2007
|
338
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-31.4%
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$685,000
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-8.8%
|
|
|
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OAHU CONDOMINUM RESALES
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|
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Number of Sales
|
This Month Compared to
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Median Sales Price
|
This Month Compared to
|
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June 2008
|
355
|
|
$327,500
|
|
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May 2008
|
382
|
|
$337,500
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-2.9%
|
|
June 2007
|
547
|
-35.1%
|
$334,000
|
-1.9%
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*These numbers were taken from the Honolulu Board of Realtors MLS system and Old Republic Title. They are deemed to be accurate, but not guaranteed.
You can find out more about real estate in Hawaii at: www.HawaiiRandy.com
;)
;)
