HAWAII HUGE MARKET SLOWDOWN?? 😱[MEGA Hawaii Housing Market Update - October 2024]
HAWAII HUGE MARKET SLOWDOWN?? Mega Hawaii Housing Market Update for October 2024 is here! The Hawaii housing market is seeing a significant slowdown in sales across all islands, but home prices continue to rise. In this October 2024 Hawaii real estate market update, we break down the data for every island, including the Big Island, Kauai, Maui, and Oahu. We look into the latest trends and discuss why this slowdown is happening, including the impact of high interest rates and the upcoming election. We also talk about why this could be a great opportunity for buyers to enter the market.
Key Highlights:
✅ Big Island: Active listings are rising with a steep drop in sales—289 homes sold in September, well below the historic average of 450.
✅ Kauai: Sales dropped to 64 homes, but median prices surged to $1 million, up from the low 900s last year.
✅ Maui: A massive decline in sales—103 homes sold compared to 180 earlier this year, though prices remain on a steady upward trend.
✅ Oahu: Median price continues to rise, hitting $750,000, but sales activity dipped to 614, down from a May peak of 772.
Watch the FULL video to know more about the latest news and trends in the Hawaii housing market. For any questions about buying, selling, or anything related to #HawaiiRealEstate, feel free to contact me. Like this content? Hit the LIKE and SUBSCRIBE buttons for more!
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CHAPTERS:
00:00 Hawaii Housing Market Update
00:46 Big Island Housing Market Update
02:11 Kauai Housing Market Update
03:04 Maui Housing Market Update
04:05 Oahu Housing Market Update
05:11 Hawaii Housing Market Overall Review
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