Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC]

   For BuyersFor SellersHousing Market Updates 

Aloha, Lance Owens (RS) , Kimi Nagatoshi (RS) with LUVA Real Estate, lets take a look at existing home sales and inventory (local numbers at the bottom) 

Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC] | Simplifying The Market

 

Some Highlights:

  • Existing home inventory is down 10.1% from last year.
  • A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
  • Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.
  • Looking Local, I just checked the Kona Housing Market.... Active Homes Under $500k...  we have a total of 17.