A recent report by real estate data and listing service Truliathat says homes in Honolulu are the second-most overvalued in the country. “Data used by Trulia, and similar companies like RealtyTrac and Zillow, is gathered from multiple sources, including individual brokers,” the Honolulu Board of Realtors told PBN via email. “The board’s multiple listing service, HiCentral MLS, is the most accurate and up-to-date information regarding Oahu’s housing market with data refreshed every 15 seconds.” The median price for a single-family home on Oahu was $682,000 in May. The Honolulu Board of Realtors said that Mainland companies might not take into account that since Hawaii is an island state, land for housing is finite, which leads to a bump in prices .
Posted on: Wed, 02 Jul 2014 19:24:11 +0000
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