The hits keep coming. And to think, it can get worse than this. Amazing. Thanks to a HP reader for the leads today
Hawaii home market cools Median price down as number of listings on Oahu surges
In November, the median price for a home on Oahu was $418,000 -- well below a peak of $569,000 in August and 8 percent below the year-ago median -- according to DataQuick, a La Jolla (San Diego County) firm that tracks real estate markets throughout the country. Its surveys are based on filings with county recorders' offices and usually reflect sales initiated 30 to 60 days earlier.
Last month, the Honolulu Board of Realtors reported a nearly 25 percent drop in the number of single-family houses sold at the same time the supply of listings surged 47 percent.
January 17, 2006
Posted by blogger at 1/17/2006