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Kauai Inventory Continues Recovery from August 2008 Peak

With over a year of of decreasing inventory, it's clear that Kauai's real estate inventory is continuing to recover from August 2008 highs.  It's rarely possible to discern trends until sufficient time has elapsed to look back and see where we have been.  For Kauai, the inventory buildup began in the Fall of 2005 and continued to build for 3 years.  Now the number of active listings has been decreasing for a full year.  This is a positive sign for stressed-out sellers.  While I expect some time to elapse before prices also begin a recovery, now may be the "sweet spot" for buyers especially since many predict that mortgage rates will soon begin to increase. 

For techies, the smooth yellow curve superimposed on the chart is an Excel 3rd-order polynomial curve fit.

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Kauai real estate inventory chart

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Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

Aloha@RichardDolbeare.com 

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 Hawaii multi-island specialist, Maui & Kauai
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Comment balloon 2 commentsRichard T. Dolbeare • September 26 2009 02:53PM

Comments

Nice chart. However I wonder if the inventory is decreasing because some sellers are just giving up on trying to sell until prices start going up.

Posted by Julie A. Black, CLHMS, CRS, GRI, Realtor, Broker (KAUAI DREAMS REALTY Kauai Real Property Specialist) almost 9 years ago

Hi Julie.  That could well be part of it.  For those waiting for prices to go up, they may have a long wait. 

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (KW Island Living) almost 9 years ago

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