Home Sales Drop 50% - Big Island Real Estate Update March 2023

Home Sales Drop 50% – Big Island Real Estate Update March 2023

As one of our panelists says in this video, "Sellers aren’t selling and buyers aren’t buying". The shift we knew was coming in the summer and watching progress through the fall is, is here. Days on market for many homes has jumped from less than a week to 40 days in markets around the island.
Our panelists DO point out that homes prices correctly, are moving and there IS buyer demand for these homes.
Our mortgage partner, Scott Wynn, Wynn and Eagan Team, discusses the bank failures and how the Fed reacted with a drop in the mortgage rates. He forsees rates getting better after the May report when inflation will be evaluated and seen to be improving.

Looking for a mortgage and need strategizing assistance?
Connect with Scott at https://wynnteam.com

Looking to learn more about the market and chat about resources around the island and want to be connected to life here? Email Julie@Ziemelis.com

You're Invited to

JOIN OUR OHANA

ʻohana

noun

Family, relative, kin group; related; extended family, clan

We have been creating content for people just like you over the past 10 years. As you can imagine, there is a ton of great info out there but the problem is finding the information that is relevant to you as you look to buy here in Hawaii. That is why we created our 365 Ohana where you will get everything you need, all in one spot.

Regular emails with tips, advice and insider knowledge to not only make moving here easier, but also living here more enjoyable.

Free access to our books, “How to Move to Kona” and “The Insiders Guide to Buying Real Estate on the Big Island”.

Live monthly real estate & mortgage market updates

Private Facebook Group with like-minded individuals to make friends and gain insight

Hours of video content covering how to move to Hawaii, life on the island and adventures for you and your family