During January 2017, the number of condominium units sold rose by 11.8 percent and single-family homes sold rose by 6.5 percent from January 2016. The median price for condos increased by one and a half percent to $380,000 and the median price paid for single-family homes in January 2017 decreased by just half a percent from the same month last year to $730,000. The median days on market for condominiums was 26 days and for single-family homes and were 21.
“January to February has historically been the seasonal low for O‘ahu housing sales, so these figures are typical to start the year,” said Sue Ann Lee, president of the Honolulu Board of Realtors. “However, days on market are still very low and new listings are up. The new inventory coming onto the market is helpful; however, more options at all price points are still needed to keep up with the demand for housing.”
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