California Shift Bodes Well For Honolulu Real Estate

April 13th, 2009 categories: The Market

It is believed that the Honolulu real estate market lags California by six months to a year. If this is the case, then the news I have been hearing anecdotally could mean that our market could be firming sooner rather than later. My broker network in California has been telling me that sales have been brisk, prices have begun to rise and inventory is dropping. A recent article at Forbes.com further confirms this feedback.

“Statewide, existing home sales have jumped 30% over the past year, taking the inventory from an estimated 16.7 months to less than seven months.”
CLICK HERE TO READ THE ENTIRE FORBES ARTICLE

If you are a buyer, today’s interest rates and a market somewhat favorable to you may mean that the next few months may be good time for you to buy. Think about it.

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If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

This entry was posted on Monday, April 13th, 2009 at 9:31 am and is filed under The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.