Aloha,
Here we are at the beginning of a
fresh, bright new year. It’s great to look forward, but
it’s also a good time to sign-up to get your free
monthly newsletter. So my email today provides
highlights from the most recent Honolulu Board of
Realtors’ (HBR) market statistics report.
One stat that jumped out at me was
the dramatic improvement in the housing affordability
index. On a full-year basis, comparing 2011 to 2010, it
improved 10.5% for single family homes and 9.2% for
condominiums. This measure compares median household
income with home prices and interest rates. An
improvement in the index means that more people can
afford to buy homes. Let me know if you’d like to see
that chart.
Also interesting in the statistics is
the extraordinarily low number of properties available
for purchase. As of December 31, 2011, there were fewer
than 3,000 total properties listed on the HBR multiple
listing service. Compare that to more than 5,000
properties in 2006.
Just these two statistics signal an
opportune time to put your home on the market. Let’s
discuss your personal situation and market statistics in
depth. There are some other good reasons why you may
decide to list your home as quickly as possible.
My best wishes for a great 2012!
