Oahu Real Estate Monthly Stats | August 2024
Aloha, According to the Honolulu Board of Realtors, August sales were nearly even compared to a year ago, with single-family home sales rising 0.4% – up by one sale – and condo sales declining 5%. Similarly, median sales prices experienced minor changes. Now, we will see what the Fall brings to the market. Here are […]
Oahu Real Estate Monthly Stats | June 2024
Aloha, The number of sales in June were up for single-family homes and down for condos. Year-to-date, prices were moderately higher for single-family as well as for condos. The slower market can be good for both Buyers and Sellers. For example, neighborhoods like Kaneohe and Mililani are seeing more of an uptick in both sales […]
Oahu Real Estate Monthly Stats | May 2024
Aloha, Single-family home sales in May fell 5.0% year-over-year and month-over-month, while condo sales increased 9.1% year-over-year and 10.9% from the previous month in the more affordable under $500,000 price range, according to the Honolulu Board of Realtors. Median sales prices for both single- family homes and condos saw a slight decline compared to May […]
Oahu Real Estate Monthly Stats | April 2024
Aloha, In April we were happy to see an uptick in sales: however, sales still remain at lower levels compared to recent years. April’s average was approximately 40% below the averages of the peak sales years of 2021 and 2022. Compared to the pre-pandemic sales in April 2019, this month’s sales average indicates a decline […]
Oahu Real Estate Monthly Stats | March 2024
Aloha, According to the Honolulu Board of Realtors, in March, single-family home sales dipped by 2.5% year-over-year and condo sales fell 22.5%. The median sales price for single-family homes rose to $1,100,000, marking a 1.5% year-over-year increase. Conversely, the median price for condos dropped to $500,000, down 6.7% from last March’s record-setting price of $536,000. […]
Oahu Real Estate Monthly Stats | February 2024
Aloha, Both the single-family and condo markets experienced year-over-year growth in median sales price. Single-family homes observed an 8.9% jump, reaching $1,075,000, while condo sales prices increased 6.8% to $512,500. Days on market are averaging 30 days for the single family and about 39 days for condos, according to the Honolulu Board of Realtors. Here […]
Oahu Real Estate Monthly Stats | November 2023
Aloha,November property sales declined slightly year-over-year, with total combined, single-family and condo sales dipping about 8% compared to November 2022. Year-over-year, the median price of a single-family home dipped 4.3% to $1,100,055. Conversely, condos marked a 7.5% increase to $516,179. With mortgage interest rates heading downward, we are looking forward to 2024! Here are the […]
Oahu Real Estate Monthly Stats | October 2023
Aloha,Mortgage interest rates seem to be on a slightly downward trend with the 30 year hovering at 7%. Meanwhile, inventory is slightly up. Prices have generally found a level for the past several months and remained there. As usual, the story is in the details neighborhood by neighborhood. Here are the October 2023 Market Statistics […]
Oahu Real Estate Monthly Stats | September 2023
Aloha,To say that higher interest rates are affecting sales is an understatement. The number of sales for both single-family and condos has decreased significantly year over year. While prices have remained generally level, we know see the median sales price for single-family homes dipping by 4.5% compared to the previous year, reaching $1,050,000 by month-end. […]
Oahu Real Estate Monthly Stats | August 2023
Aloha,Both numbers of sales and prices on both single family homes and condominiums are lower than this time last year, according to the Honolulu Board of Realtors. Despite the lower numbers, properties priced well are still selling quickly and one third are still selling above asking price. The increase in mortgage interest rates continues to […]