Hawaii Real Estate Market at A Glance

In October, single family home listings were on the market an aveage of 52 days before received an accepted offer and going into escrow.

Condos were on the market for an average of 47 days before going into escrow.

This represents a very brisk market since 60 - 90 days represents a normal market demand.

One factor affecting this brisk market is the low inventory of homes and condos available.

In October, there were 1282 single family homes avaialble for sale. This is the lowest inventory since Sept of 2005. There were 1828 condos for sale. Thats the lowest inventory since Nov of 2005.

With these low inventories, it's imperative that home buyers have a Realtor to keep them abreast of properties that meet their needs when they come on the market since the demand is still very high, especially for homes in the $300K to $700K price range and condos in the $200K to $500K range. Homes and condos in these price ranges that are in above average condition generally received multiple offers.

If you're looking for a home in these price ranges and need assistance, call me at 351-1507.