Oahu Market Statistics for May 2018

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
http://activerain.com/droplet/5cGx

Oahu Median Home Prices May 2018

 

Sales Drop in May for Both Single Family and Condominiums

 

Sales for Oahu single-family homes and condominiums dropped while median prices rose modestly in May according to resales figures released today by the Honolulu Board of REALTORS®. The analysis conducted by the Board using data collected from its computerized Multiple Listing Service (MLS) system show the following statistics:

 

Single-Family Home Resales

 

            Number of Sales        Median Sales Price

May 2018     332                  $778,000  

May 2017     362   -8.3        $745,000   4.4%

 

Condominium Resales

 

            Number of Sales        Median Sales Price

May 2018     495                   $430,000  

May 2017     540   -8.3         $406,500  5.8%

 

 

During May 2018, the median sales price for single-family homes increased by 4.4 percent to $778,000 from May 2017. The median price for condos increased by 5.8 percent to $430,000. Sales of single-family homes and condominiums both decreased by 8.3 percent from the same month last year. According to theDays on Market indicator, the median days for single-family homes was 14 and 19 days for condominiums.

 

“The Oahu market experienced a very deep trough with sales in January and February and we continue to slowly trend upwards,” said Darryl Macha, president of the Honolulu Board of REALTORS®. “Pending sales are also experiencing a slow climb and we’re anticipating sales to peak in late summer.”

  

(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

 

 

 

For Expert Real Estate Sales and Service in Honolulu

Contact HI Pro Realty Today! 

 

 

 

 

 

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 HI Pro Realty - PET FRIENDLY HONOLULU REALTOR, PROPERTY MANAGEMENT

 

HI Pro Realty LLC - REALTORS®, PROPERTY MANAGERS® is a boutique brokerage firm offering responsive, dedicated, and professional Real Estate Sales and Management Services in Honolulu, Hawaii. 

 

 

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Tags:
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Rainmaker
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Kimo, what a great market update for Oahu. Interesting, now I know about Honolulu market a little bit more! 

Thank you. 

Jun 08, 2018 09:05 AM #1
Rainmaker
619,850
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Evelina Tsigelnitskaya, thanks for stopping by and commenting. 

Jun 09, 2018 10:56 PM #2
Rainmaker
718,687
Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Waterfront and Coastal Lifestyle Properties

Thank you for sharing the latest sales and inventory report on the Oahu real estate market. 

Jun 10, 2018 10:28 PM #3
Rainmaker
4,006,935
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jun 11, 2018 03:27 AM #4
Rainmaker
619,850
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Gita Bantwal, rising rates, rising pricing makes for anxious buyers, thanks for commenting!

Jun 11, 2018 10:47 AM #5
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Rainmaker
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Kimo Stowell

REALTOR Associate® RS-76763 - Honolulu Hawai'i
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