Скачать или смотреть September 2024 Oahu Real Estate Market Update

September 2024 Oahu Real Estate Market Update: I am experiencing very low buyer activity in regards to my listings in the form of showing requests and open house visitors. This is due to summer being over (kids back in school and parents back to work), uncertainty in the market (prices go up almost every year after election years), and buyers waiting for interest rates to come down further (Feds have announced rate cuts but they haven’t come all the way down yet).

August Monthly Statistics Report shows:
August sales were nearly even compared to a year ago, with single-family home sales rising 0.4% – up by one sale – and condo sales declining 5%.
Median sales prices experienced minor changes, with the single-family home market ending the month at $1,122,000, up 1.1% from a year ago, while the condo median sales price for August was $500,000, a 2.9% decline from August 2023.
Single-family homes that sold in August were on the market for a median of 14 days, while condo sales reflected a median of 28 days.
30% of single-family home sales closed above the original asking price and just 15% of condo sales closed above the original asking price last month.
More new listings came on the market compared to a year ago with 346 single-family homes, up 4.8% year-over-year, and 629 condos or 14.6% more than August 2023.

If you have any specific questions about your real estate goals, reach out and let’s have a conversation together. Have a great rest of your September and see you next month in October for your next Oahu real estate market update.