In April, the median sales price for a home on Oahu was $600,000, which was up 2.6% from the same month in 2011. Meanwhile, sales dipped 5.2% with 217 closed sales on Oahu.
The Oahu Condo Market Follows a Similar Trend
The condo market followed a similar trend, with prices slightly up and sales slightly down. The median sales price was up 4.6% to $319,000 while sales were down 9.5% with 343 sales on Oahu. It appears we’re following a similar “seller’s market” trend as March as days on market dipped to 33 days for condos and just 30 days for single family homes.
Here’s a recap of April real estate trends on Oahu:
Neighborhoods “Hot” for Sellers
Neighborhoods “Hot” for Buyers
As always, all real estate is local. To find out what is happening in your neighborhood, feel free to contact me to see what is going on in your market, and if now is the time to buy or sell.