Hawaii Real Estate Update: Strong Demand and Rising Prices

The real estate market in Hawaii is hot right now, with strong demand and rising prices. The median home price in the state is currently $745,000, which is up 9.8% from the previous year. This trend is expected to continue as demand for homes in Hawaii remains high.

One factor driving demand is the low inventory of homes for sale in the state. There are currently only 2.6 months' worth of homes available, which is lower than the national average. This means that homes are selling quickly, with an average sale price of 95% of the list price.

If you're considering buying a home in Hawaii, now is a good time to act. Interest rates are still relatively low, and prices are expected to continue rising in the coming months. Be prepared to act fast if you find a home that meets your needs, as competition is fierce in this seller's market.

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Home Luxe Peter Nicado Group Realty

1003 Bishop Street Sute 2410 Honolulu, HI 96813

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Peter Nicado is a pioneer, innovator, and influencer in the world of real estate.
He is a real estate broker with more than 20 years of experience who has built his reputation by providing a superior level of professional service and support to his Realtors.
Today, Peter is the CEO and principal broker of HOME LUXE Peter Nicado Group Realty in Honolulu. Peter Nicado is also an #1 International bestselling author, an internationally sought-after speaker, a popular TV host/producer of the LEVEL-UP TV program, which encourages people to Be more, Do more, and Have more in their career and life!

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