Homes sell for nearly the full asking price at a 99.3% list-to-sold ratio
What is happening in Kapolei’s real estate market? Is now a good time to buy or sell in our area? Today, we’re going to give you a quick market update for both buyers and sellers in Kapolei.
Inventory levels. Right now, we have 3.59 months’ worth of inventory, which means that if no new homes were listed, it would take 3.59 months to sell all the current inventory. This shows that our area is relatively active and homes are selling steadily.
List-to-sold percentage. Sellers are getting close to their asking prices with a 99.3% list-to-sold percentage. This shows that now is a great time for you to sell your home.
Days on market and median sale price. Homes are selling relatively quickly, with an average of 38 days on the market. This shows strong demand for housing in the area. The median sale price of $745,000 gives us an idea of the current market value of homes and what buyers and sellers should expect in terms of pricing.
So, whether you’re looking to buy your dream home or thinking about selling, the Kapolei market is buzzing right now. If you have any questions or need more information, don’t hesitate to reach out. You can contact us at (808) 212-9188 or info@TeamLally.com.