In the month August 2016, condominium sales increased by 12.4 percent compared to August 2015 and overall sales of single-family homes were flat compared to the previous year.
The median price for condominiums increased by 12.4 percent from August 2015 to $398,000. The median price paid for single-family homes in August 2016 increased by 6.9 percent from the same month last year to $747,500.
The median days on market for condominiums was just over two weeks at 15 days and for single family the median was 16 days.
With historically low interest rates, it's still a great time to buy!
for Expert Honolulu Buyers Representation, with Aloha!
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