The Kauai real estate market may be slowing down as interest rates rose rapidly over the last few months. The number of homes and condos that sold last month compared to April has dropped by nearly 15%. However, the low inventory may still be fueling the high prices as the average price for single-family homes jumped up around 20% and condo prices soared close to 50% above the same time last year.
However, the market seems to be cooling with the interest rates steadily above 5% in recent months. That means buyers may not be able to afford as much as they used to when interest rates were less than 4% a year ago. Contact us today for help with all of your Kauai real estate and Kauai property management inquiries.
Taba Realty & Development, LLC is a full service Kauai real estate company that offers assistance with buying and selling Kauai real estate and also assisting owners with their Kauai property management needs. Please contact us at (808) 742-7110 should you have any questions in regards to our services. You will discover why Taba Realty is the premium choice for all of your Kauai real estate needs.