Higher-end homes and condos continue to sell, inventory up in 2023

Even with mortgage interest rates being twice what they were a year ago, according to a CNN report, our local real estate market is off to a strong 2023. The 2022 annual stats from the Honolulu Board of Realtors reveal that while sales have slowed overall, the annual median sales prices from 2021 to 2022— in single-family and condos — have continued to rise.Here’s the latest update.

Please contact me if you would like to discuss your real estate goals for the new year, or receive a copy of the latest trends and activity in your neighborhood.