Kailua real estate market continues to improve

The Honolulu Board of Realtors monthly statistics were released today and the Kailua market sees continued improvement.  The median sales price for the area, including Waimanalo, has increased 22.8% year over year.  The current median sales price for Kailua is $859,500.  The average days on market slid 42.5% to a short 65 days, while the inventory has shrunk over 24%.

Kailua is a fast becoming a hot market.  The tight inventory together declining days on market is likely indicating increased prices for the foreseeable future.  If the days on market and inventory decline more rapidly it could signal a median sales price spike this spring and/or Summer.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply