Hawai’i Island Real Estate Market Report – June 2024
Hawai’i Island real estate market continues to thrive, setting record highs as we head into mid-2024. In June, median sales prices soared to $642,000, reflecting strong demand and competitive pricing. Notably, 23% of properties sold during this period fetched prices above their asking values, showcasing the vibrant nature of the market.
Market Trends for Hawai’i Island Real Estate
For condominiums, June saw a total of 32 sales, a decrease from 72 sales in May. This shift indicates a potential slowdown in condo transactions but highlights the ongoing interest in Hawai’i Island real estate as buyers seek unique properties in this stunning location.
Looking Ahead
As we look towards the second half of 2024, potential interest rate cuts may influence buyer activity. The real estate market remains dynamic, with new opportunities emerging for both buyers and sellers. It’s essential to stay informed about these trends to make the best decisions.
If you’re interested in navigating the real estate landscape, contact Marco today. With local expertise and a deep understanding of market dynamics, Marco can help you seize the right opportunities.
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