A year in review for real estate sales, prices and stats - Hawaii News Now - KGMB and KHNL

A year in review for real estate sales, prices and stats

HONOLULU (HawaiiNewsNow) -

Unit sales for both condominium sales and home sales rose throughout the year, with the year ending with a big jump in December. The most popular price ranges this year have been between $500k-$899k for homes and $200-500k for condos. Historically, the unit sales numbers are still well below historical highs compared to the mid 2000’s while prices have matched and exceeded median sales prices from that same period. Mortgage interest rates during the last market peak from 2005-2007 were in the 6% range and rose to new height. Today’s market the interest rates are in the 4% range and unit sales are still well below the mid 2000’s.

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