The biggest shift in real estate stats for the Hamakua Coast came in the form of Median Days On Market, only nine days for Single Family Homes in November when compared with October! This shift demonstrates that properties correctly priced will sell quickly.
Island wide, the real estate market remained steady in November. The total residential sales reaching 184 transactions, up 7% year-over-year, and median sales price settling at $498,500, down 9% compared to last year. This divergence between improving sales activity and softening prices reflects a market where buyers are becoming more engaged, while maintaining strong price sensitivity. With mortgage rates still lower than mid-year highs following the Federal Reserve’s September rate cuts, buyer interest appears cautiously improving, though price sensitivity and location continue to shape activity patterns as the winter season approaches.
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