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. […]
Oahu Real Estate Monthly Stats | January 2023
Decline in price, but are buyers back? Aloha, The new year begins with closed sales of O‘ahu properties falling year-over-year, with single-family homes dropping 54.0% and condos declining 50.2%, according to the Honolulu Board of Realtors January ended with a single-family home median sales price of $970,000, representing a 7.6% decline compared to January 2022. […]
Oahu Real Estate Monthly Stats | July 2022
Closed sales decline, buyer opportunity? Aloha, According to resales figures released by the Honolulu Board of REALTORS®, closed sales in both single-family home and condominium markets declined by 22.8% year-over-year. Sales also slipped from a month ago, down 12.6% for single-family homes and 17.3% for condos. Inventory is still low, but there are opportunities for […]
Oahu Real Estate Monthly Stats | February 2022
Median single-family home price hitting new record with inventory extremely low Aloha and Happy March, The demand for single family homes is high and the inventory is extremely low. The Sparse inventory and sustained demand drove the median single-family home price to a new record high of $1,125,000, up 22.6% from this time last year […]
Oahu Real Estate Monthly Stats | December 2021
Single family homes slightly cooling while condos had a healthy increase y-o-y Aloha, Hope you are having a wonderful New Year! According to resale figures by the Honolulu Board of REALTORS®, the O‘ahu housing market ended 2021 with a slight decline of 10.0% in single- family home sales and a healthy 15.4% increase in condo […]
Oahu Real Estate Monthly Stats | November 2021
Closed sales for condo market up 47% with single-family around a 9% increase Closed sales activity for single-family homes lags behind the condo market, with single-family properties marking just a 9.8% increase in sales compared to a 47.7% jump for condos in November, according to the Honolulu Board of Realtors. There were no changes from […]
Oahu Real Estate Monthly Stats | August 2021
Record high prices in Oahu’s Real Estate Market, median price over $1 million According to resales figures released by the Honolulu Board of REALTORS®, single-family homes and condos reached new record-high median prices for the second consecutive month at $1,050,000 and $500,000, respectively. In August, the number of properties that sold over $1 million doubled […]