The housing market in Hanamaulu continues to see strong price appreciation, with values up 28.4% compared to last year. The median home price of $785,000 represents a substantial 28.4% increase from this time last year. At the current pace, all available homes in Hanamaulu would sell out in just 0.5 months, indicating a continued supply shortage. Properties are selling within just 60 days on average, much faster than the historical norm of 134 days. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Hanamaulu market with the affordability index at 1408.1. Based on current market indicators, home prices in Hanamaulu are projected to decrease by approximately 6.5% over the next month.
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