The data used to make the chart is gathered from the MLS. The data in the MLS is deemed reliable but not guaranteed. This data is for August 2008 for single family homes which includes condos. Homes that are pending have had offers made on them, and those offers have been accepted by the seller but the sale and has not yet closed.
The prices are the actual sales prices of all homes that closed during the month of August, all 313of them. The areas of the city that have the most foreclosures also have the lowest average sale prices. The average sale price city wide is the same as it was in July and the number of closed sales are up from last month. The sellers would like it if prices would go up, and the buyers would like it if they would go down further. Some things never change no matter what the local market it like.
For numbers from previous months see Local Market Conditions and Home Prices For Local Mortgage News go to Behind The Mortgage by Alex Stenback
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It is funny to note that the flower in the background looks like a graph on a downward trend. Was this consciously done?
Aloha,
Keahi