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August 2021 Oahu Hawaii Housing Inventory Snapshot

By Theresa Harden

Real Estate Broker/Owner with Hawaii Dream Realty LLC RB-19372

September 06, 2021 05:19 PM

The August 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of August 28, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with trend percentages, click here to register to receive the monthly report via email.

The 30-day trend for the average list price for all categories, except luxury single family homes, rose slightly for a second consecutive month. The luxury single family homes average list price fell just over 4 percentage points in the past 30 days.

The average sold price for all categories, except condominiums/townhomes, rose with the luxury market leaping upwards over 30 percent while the single family market had only a marginal 2 percent gain and condominiums/townhomes fell less than one percentage point from the previous month.

The average days on market for both active listings and listings that sold, for the most part, varied by less than one week while the overall trend showed a decrease in days on market.

Inventory wise, all categories, experienced varying degrees of absorption with a downward trend on the number of active listings from August timeframe.

The snapshot for August continues to support favorable trends for sellers. The significant leap in the average sold price for the luxury market is contributing to the sellers pricing expectations. However, the average list price relative to the average sold price for the luxury market is considerable meaning that seller expectations are high but sellers are settling for less.

Housing Inventory Snapshot		August 28, 2021
	Average List Price	Average Sold Price	Average DOM: active/sold listings	Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M [MLS Data Based on SFH]	$1,292,991	$1,153,323	45 / 17	343
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH]	$6,336,225	$5,482,692	136 / 80	102
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome]	$424,051	$454,457	85 / 36	770
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome]	$2,465,296	$1,655,233	148 / 70	251

If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities.

If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429.