Hawaii Home Sales are DROPPING OFF A CLIFF: MEGA Hawaii Housing Market Update for July 2024 is here! What is the housing situation in Hawaii right now? Hawaii's real estate landscape is experiencing some fascinating shifts. The consistent trend across all Hawaiian islands shows an increase in inventory but a significant drop in sales. This pattern could suggest a temporary fluctuation or a new market phase. Historically, the summer season brings more visitors and potentially more contracts, which could absorb the additional inventory. In this video, we'll dive deep into the latest Hawaii market trends and what they mean for prospective home buyers and sellers.

Here are the key highlights in this latest Hawaii Housing Market Update for July 2024!
1. Big Island Housing Market: Inventory on the Big Island rose above 2,000 units for the first time in a long while, increasing monthly. However, sales across all islands dropped dramatically in June compared to May.
2. Kauai Housing Market: Active listings on Kauai rose to 412, with a significant drop in sales from May to June.
3. Maui Housing Market: Maui's inventory rose to almost 1,000 listings, dropping sales from 151 in May to 126 in June. Unlike other islands, Maui has shifted to a buyer's market with over six months of supply.
4. Oahu Housing Market: Oahu's inventory increased to 2,609 active listings, dropping sales from 771 in May to 642 in June.
5. Hawaii Housing Market: The trend of increasing inventory and decreasing sales was consistent across all Hawaiian islands, with median prices remaining high.

Watch the FULL video to discover why inventory is rising, but sales are plummeting across all islands. For any questions about buying, selling, or anything to do with #HawaiiRealEstate, feel free to contact me. Like this content? Hit the LIKE and SUBSCRIBE buttons for more! 

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