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Hawai'i Homes International Blog

Tuesday, September 1, 2020   /   by Christopher Barca

August 2020 Stats

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The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market. New Listings decreased 4.4 percent for Single Family homes but increased 97.0 percent for Condominium homes. Pending Sales increased 26.7 percent for Single Family homes but decreased 20.0 percent for Condominium homes. Inventory decreased 25.9 percent for Single Family homes but increased 53.9 percent for Condominium homes. Median Sales Price decreased 3.2 percent to $799,000 for Single Family homes but increased 18.9 percent to $591,000 for Condominium homes. Days on Market decreased 5.1 percent for Single Family homes but increased 45.0 percent for Condominium homes. Months Supply ...

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Saturday, August 1, 2020   /   by Christopher Barca

July 2020 Stats

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Healthy buyer demand and constrained supply continue to be the story for much of the country. Nationally, showing activity in July remained substantially higher than a year before and multiple offer situations are a frequent experience in many markets. With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning. New Listings decreased 9.4 percent for Single Family homes but increased 16.2 percent for Condominium homes. Pending Sales decreased 5.5 percent for Single Family homes and 29.4 percent for Condominium homes. Inventory decreased 14.7 percent for Single Family homes but increased 27.4 percent for Condominium homes. Median Sales Price decreased 1.3 percent to $777,595 for Single Family homes but increased 1.5 percent to $502,530 for Condominium homes. Days on Market increased 13.0 percent for Single Family homes and 7.4 percent for Condominium homes. Months Supply of Inventory decreased 4.0 percent f ...

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Thursday, July 16, 2020   /   by Christopher Barca

June 2020 Stats

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While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers. New Listings increased 3.2 percent for Single Family homes and 18.4 percent for Condominium homes. Pending Sales increased 22.5 percent for Single Family homes but decreased 23.8 percent for Condominium homes. Inventory decreased 15.5 percent for Single Family homes but increased 15.9 percent for Condominium homes. Median Sales Price increased 1.5 percent to $761,500 for Single Family homes but decreased 9.2 percent to $503,000 for Condominium homes. Days on Market increased 28.2 percent for Single Family homes and 15.5 percent for Condominium homes. Months Supply of Inventory decreased 7.8 percent for Single Family ...

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Monday, June 8, 2020   /   by Christopher Barca

May 2020 Stats

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While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May.

New Listings decreased 15.5 percent for Single Family homes and 18.8 percent for Condominium homes. Pending Sales decreased 28.2 percent for Single Family homes and 52.7 percent for Condominium homes. Inventory decreased 15.5 percent for Single Family homes but increased 6.1 percent for Condominium homes. Median Sales Price increased 13.5 percent to $800,000 for Single Family homes and 33.3 percent to $680,000 for Condominium homes. Days on Market increased 13.3 percent for Single Family homes and 28.7 percent for Condominium homes.

Months Supply of Inventory decreased ...

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