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 inventory is keeping prices fairly steady. Inventory is increasing more rapidly in the Ewa region than other neighborhoods.
Here are the May 2023 Market Statistics from HBR.
As always, I love to hear from you!
Thank you, Judy
