The MLS data results are showing signs that the market is improving in the Single Family Home (SFH) and Condominium categories with overall positive numbers. SFH data shows the Median Price of August 2012 sales is $609,000, up 9.2%. Condominiums Median Price is $320,000, up 6.7%. The number of Closed Sales of SFH were 293, a 5% improvement while Condominiums had 409 sales, a 21% improvement.“This has been one of the best summers we’ve seen in many years, with closed and pending sales of both single-family homes and condominiums rising throughout the summer to highs in August,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “This is a good indicator that the market is finally recovering.”
Is the last quarter of 2012 the time for you to buy or sell?
Honolulu Board of Realtors Monthly Statistical Report for August 2012 [PDF]
Rick Nakama, Realtor