Oahu Housing Sales Down in March, New Listings Up

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

 Oahu Median Prices March 2019

 

OAHU HOUSING SALES DOWN IN MARCH

WHILE NEW LISTINGS INCREASE 

 

Oahu’s housing market ended March with a moderate decrease in sales volume, according to resales figures released tis week 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
February 2019 276  -9.5% $782,500  3%
February 2018 305 $760,000

 

Condominium Resales

  Number of Sales Median Sales Price
February 2019 467  -3.7% $429,000  -1.4%
February 2018 485 $435,000

 

During March 2019, the sales of single-family homes declined by 9.5 percent, while condominium sales decreased by 3.7 percent from March 2018. The median price paid for single-family homes increased by 3.0 percent from the same month last year to $782,500, while the median price paid for condos decreased to $429,000, a 1.4 percent drop from last March’s record-setting median high of $435,000. New listings ended in positive territory with a 12.8 percent and 3.6 percent increase in newly listed single-family homes and condominiums, respectively. Total active listings of single-family homes increased by 33.6 percent and condominiums were up by 23.3 percent over the same period last year. According to the Days on Market indicator, the median days for single-family homes was 24 and 22 for condominiums. 

 

“Oahu’s housing market remains healthy as the spring season begins, and there are favorable opportunities present,” said Jenny L. Brady president of the Honolulu Board of REALTORS®. “Inventory levels have been rising steadily, offering more options at all price ranges. That, coupled with the recent decline in mortgage rates creates opportune circumstances for buyers. Partnering with a licensed REALTOR® is a great first step to ease the transition from browsing to buying.” 

 

 

 

For Expert Sales and Property Management in Honolulu,

CONTACT HI Pro Realty TODAY!

 

 

 

 

 

Posted by

 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. 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Hawaii Honolulu County Honolulu
Groups:
Active Rain Newbies
Realtors®
Hawaii's Home Brokers
Almost Anything Goes
Hawaii Real Estate Professionals
Tags:
real estate inventory stats
hi pro realty llc honolulu
real estate market statistic oahu
oahu median home pricing
honolulu median home pricing
oahu market statistics 2019

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,332,515
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Aloha Kimo - this is good information for prospective buyers/sellers of Oahu residential real estate as well as those who currently own who want to know the current trends in the area.  The infographic you used in this post is very good.  I hope all is well.  

Apr 09, 2019 06:21 AM #1
Rainmaker
738,593
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Michael Jacobs, thanks for the comment. The picture is of what we call Hawaiian clover or Ihi'Ihi.

Apr 14, 2019 06:24 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
738,593

Kimo Stowell

REALTOR Associate® RS-76763 - Honolulu Hawai'i
Have a question about Honolulu, Hawaii?
*
*
*
*
Spam prevention

Additional Information