This survey was conducted by mortgage giant Fannie Mae. They started this survey back in 2010, after the big 2008 housing crash. We have been on a long-time upward slope of home prices as shown by the above graph of the Case-Shiller U.S. National Home Price Index.
2022 began with a sharp jump in both single-family home and condo sales – combined, O‘ahu’s housing market saw a 28.6% sales increase compared to January 2021. While the single-family home median sales price held steady for the third consecutive month at $1,050,000, the condo market set a new monthly median sales price record of $510,000, surpassing …
The O‘ahu housing market ended 2021 with a slight decline of 10.0% in single-family home sales and a healthy 15.4% increase in condo sales year-over-year. The median sales price for single-family homes tied the previously set record in August 2021 at $1,050,000, while condos saw a median sales price of $485,000, slightly up from December …
The local market update shows 3 areas having a 50% price increase from last year. Windward Coast takes the top honors with a 70% increase. A few places have dropped in price. For all the details please see our stats page at https://www.oahure.com/OahuRealEstateStatsIntro.php
Median prices of single-family homes stand at $1 million, condos at $500K.Closed sales rose year-over-year with single-family homes ticking up modestly 10.4% and condo properties surging higher to 27.3%.The median sales price for a single-family home fell slightly from the August 2021 record of $1,050,000 to $1,000,000, while the median condo price tied the August …
O‘ahu’s Housing Market Holds Steady Ahead of Holiday Season Lull. Read More »
These two charts really point to stagflation, where inflation goes up while the GDP declines. The Atlanta Fed slashed GDP growth to just .2% down from 14% back in May. So as the expected GDP drops, the Citi Inflation Surprise Index is going up. This points to stagflation in my opinion.
I posted the local market statistics. Mililani and Aina Haina went up the most at a 36% increase since last year, but 5 other areas also were up over 30%. As long as your salary has increased around 40% since last year you are staying ahead of inflation on homes. I see a local bank …
2 Out of Every 3 Single-Family Homes Sell for Over the Asking Price in SeptemberYear-over-year market activity continues to mark gains, but month-to-month closed sales dip Closed sales of single-family homes and condos in September continued to outpace sales activity from the same time last year, recording 8.4% and 34.9% increases, respectively. However, sales dropped …
