Oahu Real Estate update for May 2012 

Inventories for Single Family Homes ( SFH ) and Condos continue to drop.  May 2012’s SFH Inventory of 989 is the lowest for the year so far.   It is below April’s 991, and far below May 2011’s 1,371.  May 2012’s Condo inventory of 1,452 is below April’s 1,483, and very far below May 2011’s 1,810.  Again, we have to go all the way back to 2005 to see inventory levels this low.

 Days on Market ( DOM )continue to drop.  SFH DOM of 28 is well below April’s 32, and May 2011’s 32.  Condo DOM of 32 is down slightly from April’s 33, and well below May 2011’s 37.  Low days on market show strong buyer interest.  Properties are selling very fast once they hit the market.  We haven’t seen DOM this low since May of 2010.

Below you will find our concise Oahu Real Estate Market report for June 2012, showing what happened during the month of May

The big news for May is in SFH median prices.  We have watched price pressure building over the last few months.  That pressure may have begun moving prices.

These statistics reflect the entire island of Oahu's real estate market as a whole, but keep in mind that real estate is local, and each neighborhood has it's own unique market trends.   Contact me  today for more hyper local real estate market information.