Buyer Demand Exceeds Housing Supply

By
Real Estate Agent with Kona Home Team (luva llc) RS 62947

Buyer Demand Exceeds Housing Supply, this is an easy one to talk about. 

I woke up this morning knowing I should write a blog before I head out the door, but what was it going to be on? So I decided to make some Kona Coffee, and read my email ------  Like angels coming down from the clouds, there it was, this info-graphic on how housing supply is low, and demand is high - great topic. Well to make my job even easier, a few emails down, was a comment on an a 6 year old blog of mine. So curiosity got the best of me, I followed the link over to this old blog, to see why it drew some attention - 6 years down the road. The blog itself was OK, but in it, was this  statement about the housing market, and where it was back then. 

 "What is fair market value when you 848 active listings, with only 13 sales last month?"

So lets take a look at today's market 

"591 Active listings, and 100 sales last month (April 2015)"  -

I don't think you need me to tell you, this is a huge difference! 

Here Are Some Highlights from the mainland :

  • Inventory Levels are still below the 6.0 month level necessary for a normal market
  • Home Prices have experienced year-over-year gains for 38 straight months
  • Home sold faster than any time since June 2013, in just 39 days

 

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Aloha, and have a great day 

Lance Owens (RS)

(808) 936-8383

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

LUVA Real Estate 

75-240 Nani Kailua Dr #8 , Kailua Kona, HI. 96740 (Pines Plaza

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Topic:
Real Estate Market Trends
Tags:
housing trends
home sales
market reports
hawaii
housing supply
houising demand

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Rainmaker
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Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Lance - I just saw this info-graphic in another post. Today's market is certainly a lot different than it was six years ago, heck, even a year ago.

May 29, 2015 07:07 AM #1
Rainmaker
390,596
Kona Home Team (luva llc) Lance Owens (RS)
Kona Home Team (luva llc) - Kailua-Kona, HI
Getting transactions done, when nobody else can!

Aloha Troy Erickson  

Great infographic, I hear the AZ market is strong again also, have a great weekend 

 

May 29, 2015 07:30 AM #2
Anonymous
Jim Wulzen

Good to hear the swing is upward for a change.

Jun 02, 2015 03:31 AM #3
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Rainmaker
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Kona Home Team (luva llc) Lance Owens (RS)

Getting transactions done, when nobody else can!
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