Across the board, we are seeing an uptick in available homes on the market, and list to sale ratio is about 97%. Joe Eagan, Wynn and Eagan Team, gave the mortgage update and said that when the jobs numbers came out, and inflation was not going down, the Fed raised the interest rates, which led to an average mortgage rate right now of 7.125%. Joe said this move made a decrease in rates in March unlikely.
Homes priced well are leaving the market within days, while days on market increased across the board on single family homes and condos.
Thanks to our Realtor and mortgage partners for providing their insights for this update!
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Eric and Julie Ziemelis offer marketing expertise to home sellers with a large group of buyers from our private Facebook group, our real estate YouTube channel and our extensive email list of potential buyers. For Buyers, we offer expertise and resources to ensure we remove the uncertainly from the experience AND provide a community you can reach into for information about moving and events to help you create friendships when you arrive. A full circle Ohana experience!
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Julie Ziemelis | RS-85062
REAL Broker
Julie@Ziemelis.com
808-785-2898
www.365hawaiiliving.com
