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 July, 2024 « Next month - Mortgage interest rates end month at another long-term low. (7/31/24) - Nationally, once again, sales volume decreased in June, but median sales price set another record. (7/25/24) - The condo hurricane insurance coverage issue is entering legislative races. (7/20/24) - On the North Shore, Kawaihāpai Airfield, formerly known as Dillingham Airfield, gets a new 50-year lease on life. (7/14/24) - The sales figures for June 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 another mixed month. Median sale prices increased nicely - they actually are at the highest they've been in nine months, and the combined three-month moving average is the highest in over a year. This was in spite of the strange sales volume. Homes sales increased a tad, while condo sales dropped sizably (maybe due to the financing challenges caused by low hurricane insurance coverage). This may also explain the mixed inventory levels - the number of homes decreased, while condos increased. Pending sales volume looks positive. (7/6/24) - Happy Independence Day! (7/4/24) - 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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