Are #HawaiiRealEstate prices DROPPING? This video shows the latest big island market update and compares 2022 data with pre-covid levels in 2019. In the #HawaiiResidentialMarket, we’re seeing the same volume trend, from 259 sales last year to 183 this month. #MEDIANPRICE in Hawaii Residential Market HAS NOT DROPPED from a year ago, and we see a stable trend in the Final List Price to sold price. In #HawaiiCondoMarket, all we see are HUGE DROPS in sales from a year ago, and there’s no doubt we see a slow growth in sales, but THIS TIME, median prices for #CondosInHawaii are lower than a year ago. It’s an interesting trend that we need to see in the market, whether you’re a seller or a buyer. When we look at sales in 2019 vs. 2022, we can see that we’re going back to the normal levels of the market, and I’m excited to see if this is going to continue in the up and coming months. If you want to know more about the number of sales in 2019 vs. 2022 and the current state of inventory and under contract, watch until the end of this video and find out whether this is the time to buy or sell a property in the #BigIslandHawaiiHousingMarket. /If you have any questions about buying, selling, or anything to do with #BigIslandHawaiiRealEstate, feel free to contact me. Like this content? Hit the LIKE and SUBSCRIBE buttons for more!

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🕒TIMESTAMPS🕒
00:00 Big Island Hawaii Real Estate Market Update
00:15 The Data For Housing, Condo, & Land Market
00:30 Why Does The Number Of Sales Keep Falling?
00:45 How Is The Median Price Not Falling?
01:19 Why Condo Prices Have A Much Bigger Drop?
02:10 The Land Market Is Lower Than A Year Ago
02:56 The Sales Right Now Versus Than Last Year
04:14 The Inventory Versus The Under Contract
04:51 Why It's Still A Sellers' Market?
05:16 Interest Rates May Have Stabilized
05:32 Let's Connect!

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