January 2023

KB Homes’ cancellation rate is at 68% vs. 10%. December SF sales are down 46% on Oahu.

Prices Are Staying Steady, but Closed Sales Have Crashed, and Days on Market Is Rocketing Up.

Almost 1/2 million Realtors will be looking for other things to do.

The National Association of Realtors said sales have crashed to the lowest level ever per Realtor. It looks like close to 1/2 million Realtors will be looking for a new line of work in 2023. I am noticing the slowdown already too much more than the 2008 housing crash.