http://hawaiirealestatereporter.com/mainstreet-media-analysis/nar-reports-dropping-national-sales-figures-so-what-does-this-mean-to-the-hawaii-market/ Hawaii Real Estate News, Trends and Analysis Tue, 04 May 2010 19:38:42 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://hawaiirealestatereporter.com/mainstreet-media-analysis/nar-reports-dropping-national-sales-figures-so-what-does-this-mean-to-the-hawaii-market/comment-page-1/#comment-56 Mike Tue, 29 Jul 2008 19:40:50 +0000 http://hawaiirealestatereporter.com/?p=99#comment-56 A little bit of comparison to our Hawaii market does so much to put these national articles into perspective.... The article talks about slowing sales resulting in increased inventory, and that the increased remaining inventory is a big factor that is slowing overall market recovery..."(remaining inventory) represented a 11.1 month supply at the June sales pace, the second highest level in the past 24 years." The most recent HBR stats point out that as of June 2008, Oahu's market has 8.3 months of remaining single family inventory and only 7.0 months of remaining condo inventory--that means our remaining condo inventory is 37% less than the national average....! When you consider that 6 months of remaining inventory is considered the hinging point between a buyers market and a sellers market, it becomes pretty clear that the Hawaii real estate market is pretty healthy, and is in noticeably better shape than the nation as a whole. A little bit of comparison to our Hawaii market does so much to put these national articles into perspective….
The article talks about slowing sales resulting in increased inventory, and that the increased remaining inventory is a big factor that is slowing overall market recovery…”(remaining inventory) represented a 11.1 month supply at the June sales pace, the second highest level in the past 24 years.”
The most recent HBR stats point out that as of June 2008, Oahu’s market has 8.3 months of remaining single family inventory and only 7.0 months of remaining condo inventory–that means our remaining condo inventory is 37% less than the national average….!
When you consider that 6 months of remaining inventory is considered the hinging point between a buyers market and a sellers market, it becomes pretty clear that the Hawaii real estate market is pretty healthy, and is in noticeably better shape than the nation as a whole.

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