Tips for Selling a Home on Oahu Hawaii, Honolulu, Kailua, Kapolei and surrounding areas

Hawaii Real Estate Market Data

<Oahu Real Estate Market Report

Oahu Real Estate Market Report


OAHU HOUSING MEDIAN PRICES HOLD STEADY IN FEBRUARY

Inventory Continues to Increase

Oahu’s sales prices for single-family homes and condominiums experienced small increases in February according to resales figures released by the Honolulu Board of REALTORS®.

During February 2019, the median price paid for single-family homes increased by 2.1 percent from the same month last year to $789,000. The median price paid for condos also increased to $415,000, up by 1.5 percent. The sales of single-family homes declined by 4.1 percent, while condominiums sales decreased by 16.6 percent from February 2018. Active listings of single-family homes increased by 41.6 percent, while condominiums increased by 30.9 percent over last February. According to the Days on Market indicator, the median days for both single-family homes and condominiums was 25 days.

“We continued to see slower sales in Oahu’s housing market in February, but at higher prices with modest increases for both single-family homes and condominiums,” said the President of the Honolulu Board of REALTORS®. “We’re also seeing double digit increases in active listings. Steady sales volume, moderate price increases, and more inventory across all price ranges are all positive indications of a healthy real estate market.” 


To view the full February 2019 Oahu Real Estate Market Report that includes Oahu Market & Neighborhood statistics, CLICK HERE.


Source: Honolulu Board of REALTORS®