NAR Existing Home Sales, Kona and National Numbers

Some Highlights of the Report:

• Existing National Home Sales are up 4.7% from sales last year, and up 1.2% month-over-month
• Kailua Kona Home Sales are actually down -7.2% (no inventory) 
• Island Wide Home Sales are up 10.1%
• Percentage of First-Time Homebuyers increased for the first time since November when it climbed to 29%
• National median Home Price is up 7.5% over last year marking the 36th consecutive month of year-over-year gains.
• Kailua Kona Median Home Price is up 7.2% from last year to  date.

Interesting numbers when I ran than report for active listings here in Kona,  237 homes, only 8 homes under $400,000 and look at the average summary  $1,981,413.   Allthough these are black and white numbers, you need a REALTOR to sit down and help explain these.

Lets schedule an appointment and see what these numbers mean to you.