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 […]
Oahu Real Estate Monthly Stats | July 2023
Aloha,Prices in both single family homes and condominiums have held steady since this time last year; However, both inventory and number of sales have decreased, single family sales by 28.2% and condos by 18.5%. Higher interest rates have some buyers sitting on the sidelines. Clearly there are still many buyers as the median days on […]
Oahu Real Estate Monthly Stats | June 2023
Aloha, According to recently released resales by the Honolulu Board of REALTORS®, the monthly median sales price for both single-family homes and condos fell 4.5% year-over-year. The single-family home monthly median sales price in June was $1,050,000, and $510,000 for condos. Inventory is still low and most properties enter a contract in just over two […]
Oahu Real Estate Monthly Stats | May 2023
Aloha,According to resale figures from the Honolulu Board of Realtors, the median sales price for a single-family home ($1,109,000) was 3.9% below the current record set in May 2022 ($1,153,500). Similarly, on the condo side, the median sales price dipped modestly by about 2.2% from $516,500 in May 2022 to $505,000 in May 2023. Low […]
Oahu Real Estate Monthly Stats | April 2023
Aloha,Buyers are waiting for prices to drop, sellers are waiting for prices to increase and everyone is waiting for mortgage interest rates to decrease. Meanwhile, there are mixed results in each of these categories and once again, property sales and prices vary by neighborhood. Mililani continues to see a rather robust market while Hawaii Kai […]
Oahu Real Estate Monthly Stats | March 2023
Aloha,According to the Honolulu Board of Realtors, O‘ahu’s housing market experienced a boost in activity from February to March, with sales rising approximately 36% month-over-month in both single-family home and condo markets. At the same time, the median price of a single-family home slightly decreased while condo prices increased a bit. Here are the March […]
Oahu Real Estate Monthly Stats | February 2023
Aloha, Median sales prices in both single-family and condo markets declined, dipping 12.3% for single-family homes from $1,125,000 to $987,000 compared to 2022, according to the Honolulu Board of Realtors. The condo market experienced a modest 3.4% decline from $497,000 to $480,000. The number of sales in both markets in February increased slightly from January. […]