Honolulu Real Estate Market Stats July 2016

Honolulu Real Estate Market Stats July 2016

“While sales of both single-family homes and condos dipped compared to the previous year, the increase in prices year-over-year for both indicates the housing market is still very strong,” said Kalama Kim, 2016 president of the Honolulu Board of REALTORS®.

“The drop in condo sales is typical of the cyclical nature of the real estate market. Historically, we’ve seen a peak in condo resales during the summer, followed by a slight dip the following month.

As for prices, a decrease in the number of sales with a corresponding increase in prices usually means buyers are being more aggressive with their offers.”

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