NAR Forecasts Modest Price Growth for Hawaii


REALTORS® Expect Modest Price Growth in Next 12 Months Based on June 2014 REALTOR® Survey

The following content was provided by Did You Know, by Scholastica (Gay) Cororaton, Research Economist, on July 31, 2014.

REALTORS® generally expect home prices to increase in all states and the District of Columbia over the next 12 months, according to the June 2014 REALTORS® Confidence Index. The median expected price increase is 3.6 percent [1].

Expected price movements depend on local conditions relating to housing demand and supply, demographics, and job growth. For more information on Hawaii’s real estate market contact a local REALTOR®.

[1] The median expected price change is the value such that 50 percent of respondents expect prices to change above this value and 50 percent of respondents expect prices to change below this value. A median expected price change is computed for each state based on the respondents for that state. The graph shows the range of these state median expected price changes. To increase sample size, the data is averaged from the last three survey months.

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