Is the Housing Market CRASH Coming? 🤯 [Big Island Hawaii Real Estate Year-End Market Update]

DECEMBER 2022 HAWAII REAL ESTATE MARKET UPDATE IS HERE! WILL IT CRASH IN 2023? WILL HOME PRICES DROP IN HAWAII THIS 2023? SALES are down to 6,117 this year compared to December 2021. Active listings are up to 2,0009 this year, and under contract are almost cut down by half compared to last year. If you’re gonna ask about the inventory, it’s still running low, and the final list price to sold price remains at a stable rate of 95%. The average days on the market is down to 58 this year, and you can see a difference as properties are sold a LOT faster than in 2021. A lot of people are wondering what is happening with PRICES. In the #HAWAIIRESIDENTIALMARKET the median price has gone up FROM 476,500 to 500,000 this year. But sales in the #HAWAIICONDOMARKET have gone down to 793 this year, and we’re seeing the same upward trend in the median price, bringing it to 575,000 this year. If you’re eyeing #HAWAIILANDMARKET, sales are also down to 2,644, and the median price is slightly up from 40,000 last year o 45,000 this year. The MARKET remains to slow down, but WE DO NOT see ANY CRASH COMING. If you’re planning to BUY or SELL a HOUSE and still don’t know when is the perfect time, THERE WILL NEVER BE A PERFECT TIME. When HOMES ARE PUT ON THE MARKET at the RIGHT PRICE, we’re definitely going to see more market stability. If you have any questions about buying, selling, or anything to do with #HawaiiRealEstate, feel free to contact me. Like this content? Hit the LIKE and SUBSCRIBE buttons for more!

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🕒TIMESTAMPS🕒
00:00 Year-End Big Island Hawaii Real Estate Market Update
00:23 2021 Big Island Real Estate Market Review
00:51 2022 Big Island Real Estate Overall Sales Update 
01:05 2022 Big Island Real Estate Overall Listings Update
01:52 2022 Big Island Residental Market Update 
02:37 2022 Big Island Condo Market Update 
02:56 2022 Big Island Land Market Update 
03:10 What's the trend in Big Island Real Estate Market in 2022? 
03:49 Will Real Estate Market Crash in 2023? 
04:07 Is 2023 The Best Year to Buy a House?
04:31 More Questions? Let Me Know!

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