Q: How Did This April Compare to April 2019?

Team Lally Hawaii Real Estate Podcast

English - May 21, 2020 17:07 - ★★★★★ - 2 ratings
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We’re comparing April 2020’s market data to April 2019’s.

We’re comparing April 2020’s market data to April 2019’s.Let’s jump right into the numbers, shall we? The median sales price for single-family homes in April 2020 was $809,000, up by 5.5% year over year. Closed sales this April (248) were down 22% year over year. Meanwhile, inventory for single-family homes dropped 45% from April 2019.

For condos, the median sales price in April 2020 was $450,000, up by 7.4% year over year.

Closed sales were down by 28% at 343. Condo inventory also dropped heavily, down by 39% from April 2019.

To sum things up: Inventory is down, prices are up, and days on market has decreased slightly—overall, sort of a balanced market. So, if you’re looking to buy or sell, now is the time to enter the market. As always, reach out to us via phone or email if you have any real estate questions. We’re here to help, and we look forward to hearing from you. Be safe, and Aloha!