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 December, 2024 « Next month - Nationally, pending home sales in November increased year-over-year the highest amount in almost two years. (12/30/24) - Merry Christmas! (12/25/24) - U.S. existing-home sales increased strongly in November, and the median price also increased again. (12/24/24) - The latest conceptual renderings for the New Aloha Stadium Entertainment District have been released. (12/22/24) - Are higher property taxes in the cards for the future? (12/20/24) - Honolulu defers decision on empty home tax. (12/19/24) - San Francisco's empty home tax ruled unconstitutional. (12/18/24) - Interesting article about "Renovation Aloha" and building permits. (12/13/24) - Nationally, mortgage applications increase for three consecutive weeks. (12/8/24) - The November sales numbers 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 neutral-to-positive month. Sales volume declined from the previous month, which is normal since we are entering the annual market slowdown, but sales volume was higher than a year ago. Median prices increased compared to both the previous month and twelve months ago for both property types. Inventory for homes has been basically flat for several months, while condo inventory increased again. Pending sales volume looks quite strong. (12/6/24) - Fun holiday variation of a classic. (12/4/24) - 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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