The Honolulu Board of realtors released housing statistics for February, you can down load them here: Hawaii Real Estate Stats Feb 2009
Hawaii real estate in March 2009 turned out much like we expected – much better than February. Of course the media is going to bleat about how bad everything is compared to last year. But what matters is what is going on so far this year. Let’s take a look at some of the good news for March this year:
- SFH Sales # at 188, up from February’s 129 – below last year’s 282.
- Condo Sales # at 248, up from February’s 160 – below last year’s 392.
- SFH median sales price of $600,000, up from February’s $555,000 – below last year’s $628,000.
- Condo median sales of $305,000, up from February’s $297,000 – below last year’s $329,000.
- SFH DOM of 48, down from February’s 69 – and almost the same as last year’s 47.
- Condo DOM of 47, way down from February’s 70 – above last year’s 39.
- SFH Inventory of 1,901 is down from February’s 1,928 – also down from last year’s 1,919.
- Condo Inventory of 2,582 is up from February’s 2,507 – almost the same as last year’s 2,581.
Taking a look overall we see number of sales and median prices for both SFH and Condos climbing in 2009. Also, Days on Market dropped considerably for SFH since January, with inventory holding steady. All in all March looked good. The low interest rates are definitely making an impact.
April 3rd, 2009 at 9:15 pm
All great news. Let’s keep it up.
Aloha,
Keahi