Local Market Update Nov. 2019

Local Market Update for November 2019

John Stallings Real Estate , Statistics Leave a Comment

This local market update focuses on Kailua/Waimanalo for November 2019!   Softening prices combined with low-interest rates make NOW an excellent time to consider purchasing real estate.

Below is a quick recap of the Kailua/Waimanalo real estate sales statistics from November 2019’s local market update

Single Family Homes
New listings in November were DOWN -6%% over last year
# of closed sales in November were the same as last year (25)
Median sales price in November is DOWN -3% over last year
Median Days on Market (DOM) in November UP 142% over last year
Inventory of homes for sale in November is UP 6% over last year
Condos
New listings in November were DOWN -27% over last year
# of closed sales in November were DOWN -27% over last year
Median sales in November price UP 3% over last year
Median Days on Market (DOM) is DOWN -56% over last year
Inventory of condo for sale in November is DOWN -3% over last year

Here is the link to view the full Local Market Update from the Honolulu Board of Realtors: https://bit.ly/2Z0LKLG

The Honolulu Board of Realtors (HBR) releases real estate sales statistics two times each month.  The “Monthly Statistical Report” is an overview of the Oahu real estate sales statistics and is released during the first week of the month.  Around the 15th of each month, the “Local Market Update” provides a market update on a more local level.

Not sure what these real estate sales statistics really mean?? We have 25 years of real estate sales experience, so please don’t ever hesitate to call/text (808-294-1794) or email us ([email protected]) with your real estate needs & any questions you may have about real estate sales statistics here on Oahu!

CLICK HERE to Get Your Home’s Value in Just About 7 Seconds

Our market is changing quickly, so check back twice each month to see if your real estate values may have changed!  Of course, we are always available to consult with you, so call/text us at 808-294-1794 or email us at [email protected]

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