Oahu Housing Sales Slowed in June 2019

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

Oahu Median Prices June 2019

 

OAHU HOUSING SALES SLOWED IN JUNE:

 

 

Sales in Oahu’s housing market slowed in June 2019, according to resales figures released this 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   327  $800,000  
February 2018   365  -10.4% $782,388   2.3%

 

Condominium Resales

  Number of Sales Median Sales Price
February 2019   473 $432,500  
February 2018   547  -13.5% $420,000  3.0%

 

During June 2019, single-family home sales decreased by 10.4 percent and condominium sales decreased by 13.5 percent from the same month last year. The median prices paid increased modestly with single- family homes up by 2.3 percent to $800,000 and condos up by 3.0 percent to $432,500. While new listings for single-family homes declined by 8.9 percent from June 2018, overall inventory increased by 16.7 percent. The number of newly listed condos increased by 6.3 percent, as did overall inventory by 13.8 percent. According to the Days on Market indicator, the median days for single-family homes was 18 and 27 for condominiums.

 

“While sales volume in June may have declined from last year, the Oahu housing market remains very active and competitive,” said Jenny L. Brady, President of the Honolulu Board of REALTORS®. “Even with the increases in inventory, we’re seeing the majority of sold properties on the market for less than 30 days. Additionally, sellers who are working with REALTORS® are closing with median prices at 98.2 percent of the original list price for single-family homes and 97.2 percent for condos. REALTORS® have the knowledge and experience to position and prepare properties for optimal sales performance and to help navigate the complex process of selling a home.”

 

 

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:
hi pro realty llc property management
honolulu real estate market statistics
housing stats 2019
oahu market statistics 2019

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,496,665
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate market data for home buyers and sellers on Oahu, Kimo.

Jul 07, 2019 06:40 PM #1
Rainmaker
726,577
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Myrl Jeffcoat, Mahalo for the visit!

Jul 08, 2019 12:24 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
726,577

Kimo Stowell

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

Additional Information