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 November, 2024 « Next month - Happy Thanksgiving! (11/28/24) - October U.S. existing homes sales rose for the first time in over three years, and the median price increased for the sixteenth month straight. (11/26/24) - Rental rate increases nationally fall to lowest pace in four years. (11/24/24) - Consumer confidence in the housing market rises to highest level since 2022. (11/21/24) - The average age of U.S. homebuyers went up in 2024. (11/17/24) - Happy Veterans Day! Thank you to all who have served, to those who continue to wear the uniform, and their families. (11/11/24) - The sales figures for October 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 neutral-to-positive month. Most data points were positive. Sales volume for both property types increased when compared to both the previous month and one year ago. Median sale price for condos increased when looking at both time frames, while for homes it was either down a hair or even. Inventory for homes decreased a bit, which is positive. Condo inventory increased again, but this most likely is not a reflection of the market in general, but rather the ongoing condo hurricane insurance issue. Pending sales volume looks strong. (11/7/24)) - Interesting simulation of the extent of work planned along Dillingham Blvd for rail. (11/6/24) - To learn more about our 1% Hawaii Buyer Representation Fee* 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. - For new construction buyers, it may be better to use a classic 50% buyer rebate approach since developers use their own proprietary purchase contracts. If you are considering a new construction purchase, please see our page regarding our 50% New Construction Buyer Rebate*, which offers new construction buyers similar savings. |
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