I hope you will find the following snapshot of local Real Estate inventory interesting. Click on the inventory category to see current listings. The table represents aggregated values based on MLS data for the specified date. |
Oahu home sale statistics for March released Monday largely don’t reflect dramatic impacts happening now, including sellers postponing sale efforts, buyers not being able to complete purchases because of income losses, and a prohibition on open houses. However the mortgage market is creating pressure on buyers to act while interest rates are likely at their lowest level for the foreseeable future.
In March, the number of residential property sales on Oahu rose for single-family homes and fell for condominiums, while median sale prices rose less than 4%, according to data from the Honolulu Board of Realtors.
There were 303 single family home sales last month, up 9.8% from 276 in the same month last year. Condo sales fell 12.2% to 410 from 467 in the same period.
The median price for single-family houses sold in March edged up 3.5% to $810,000 from $782,500 a year earlier. The condo median sale price achieved a 1.4% bump to $435,000 from $429,000 in the same period.
If you know someone who is considering buying or selling a home, please give me a call. While open houses are eliminated due to COVID-19 precautions, our digital marketing strategy and distributed print media ensures that your listing gets exposure. I provide professional and courteous service along with knowledgeable guidance through the process. If you want to know what your home is worth in the current market Click Here or for more personalized service contact me directly at 808-223-0429.