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 SINGLE-FAMILY HOME SALES SPRING UP IN APRIL

Single-family homes ticked up in April, according to resales figures released by the Honolulu Board of REALTORS®.

During April 2019, the sales of single-family homes increased by 10.0 percent, while condominium sales decreased by 13.0 percent from April 2018. The median price paid for single-family homes decreased by 2.9 percent from the same month last year to $766,750, while the median price paid for condos increased to $418,950, a 0.7 percent increase from last April. Active listings increased year-over-year for both single-family homes and condominiums with gains of 30.6 percent and 17.6 percent, respectively.

According to the Days on Market indicator, the median days for single-family homes was 25 and 29 for condominiums.

After a slow first quarter that saw a decline in housing sales, but steady median prices, the Oahu market experienced positive activity in April with a 10 percent increase in single-family home sales,” said the president of the Honolulu Board of REALTORS®. “Low mortgage interest rates, coupled with more inventory on the market compared to last year, presented better opportunities for potential homebuyers and spurred more of them to buy. While condo sales were down comparatively, there was still a healthy number of condo units sold in April.” 

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


Source: Honolulu Board of REALTORS®