04-16-2024, 10:36 PM
Only one of the two reports I get mentioned the "local affordability" aspect which Punatang mentions above. The author had gone through the sales records and found that a large majority of homes under $450K went local buyers, while those over that amount went predominantly to off island buyers, but not to the same degree as the lower price point. As for that "days on the market to sale" number, upon closer examination, it was only for the month of March. The far more reliable quarterly number was 67. It will be interesting to see if the March number holds up going forward.