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Oahu Real Estate: Selling More and Faster, and at Higher Prices
Many leading indicators last month from the Honolulu Board of Realtors statistics show our market on Oahu has been heating up for the summer.
Selling More: Single family home sales were up 31.5% in May and condo sales were up 35.5% compared to 2009.
Selling Faster: Homes only took 27 days on the market to sell, while condos took 28 days on the market. This is a big difference from 47 and 52 days, respectively, in 2009.
Higher Prices: The median sales price for homes was up 11.8% to $606,000 and condo prices were up 4.2% to $312,500.
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