EWA BEACH / EAST KAPOLEI - SINGLE FAMILY HOME MARKET END OF APRIL UPDATE
If you want data on Condos / Townhouses in the Ewa Beach area, please feel free to message me and I will break it down for you.
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ANALYSIS
The Months Supply of Inventory, which currently stands at 4.25, indicates the balance between supply and demand in the market. A lower number typically signifies a seller's market, where demand outweighs supply, leading to faster sales and potentially higher prices.
The Median Days Homes are On the Market, at 50 days, provides insight into how long it takes for properties to sell in your area. A lower number suggests a faster-moving market, while a higher number may indicate slower sales.
The Sold to List Price Percentage, currently at 99.2%, reflects the average percentage of the listing price that homes are selling for. A higher percentage indicates strong buyer demand and potentially multiple offers, leading to sellers receiving offers close to or at their asking price.
Lastly, the Median Sold Price of $942,500 gives you a sense of the average price at which homes are selling in your market. This data point is crucial in determining a competitive listing price for your property.
In conclusion, the data indicates a relatively balanced market with strong demand, quick sales, and high prices. Sellers can take advantage of these conditions to potentially achieve a quick and profitable sale of their property.
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