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October 2020 Oahu Hawaii Housing Inventory Snapshot

By Theresa Harden

Real Estate Broker/Owner with Hawaii Dream Realty LLC RB-19372

November 11, 2020 06:58 PM

“Ultimately, the COVID-19 pandemic has changed how buyers think about purchasing a home, causing them to reevaluate their housing goals and priorities,” Tricia Nekota, president of the trade association representing real estate agents, said in a report released on October 6th. “The spike in demand for single-family homes may correlate to buyers pursuing a different quality of life and a new environment following the sharp shift in people working from home,” Nekota said. Our October 2020 Housing Inventory Snapshot supports the demand spike with an increase in average list price for all property types while number of active listings decreased.

Click on the inventory category to see current listings. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot		October 30, 2020
	Average List Price	Average Sold Price	Average DOM: active/sold listings	Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M [MLS Data Base on SFH]	$1,314,836	$965,010	94 / 37	399
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH]	$5,564,997	$4,536,250	128 / 101	121
Click to Search Condo/Townhome under $500K [MLS Data based on Condo/Townhome]	$386,902	$439,383	119 / 49	1,260
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome]	$1,916,322	$1,280,660	159 / 91	426

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.