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 March, 2023 « Next month - U.S. pending home sales increased for the third month in a row. (3/31/23) - Interesting analysis whether home prices nationally have stopped falling. (3/28/23) - More background on the construction timeline for ultra-luxury Mandarin Oriental Honolulu. (3/24/23) - Nationally, February home prices posted their first year-over-year decrease in over a decade. (3/19/23) - Happy St. Patrick's Day! (3/17/23) - The sales figures for February for the Oahu real estate market have been released by the Honolulu Board of Realtors®. Here is a single-page set of charts showing the last 12 months of data. It was a mixed month. Sales volume for both property types increased from the previous month, which would fit with exiting the winter months, but interest rates are still holding things back. The median sale price for homes increased from last month, but the condo median price dropped, and both are down from a year ago. Inventory went down a hair, and pending sales volume may indicate a positive improvement. (3/8/23) - To learn more about our 50% Hawaii Commission Buyer Rebate* and the savings it offers buyers on their real estate purchases, including Honolulu homes and Waikiki condos, properties from Honolulu to the North Shore, Kailua to Kapolei, and across all Oahu, please click here. |
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