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 SALES DOWN, WHILE PRICES UP IN JUNE

During June 2019, single-family home sales decreased by 10.4 percent and condominium sales decreased by 13.5 percent from the same month last year. The median prices paid increased modestly with single-family homes up by 2.3 percent to $800,000 and condos up by 3.0 percent to $432,500.

While new listings for single-family homes declined by 8.9 percent from June 2018, overall inventory increased by 16.7 percent. The number of newly listed condos increased by 6.3 percent, as did overall inventory by 13.8 percent. According to the Days on Market indicator, the median days for single-family homes was 18 and 27 for condominiums.

“While sales volume in June may have declined from last year, the Oahu housing market remains very active and competitive,” said the President of the Honolulu Board of REALTORS®. “Even with the increases in inventory, we’re seeing the majority of sold properties on the market for less than 30 days. Additionally, sellers who are working with REALTORS® are closing with median prices at 98.2 percent of the original list price for single-family homes and 97.2 percent for condos.”

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


Source: Honolulu Board of REALTORS®