The August 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of August 28, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with trend percentages, click here to register to receive the monthly report via email.
The 30-day trend for the average list price for all categories, except luxury single family homes, rose slightly for a second consecutive month. The luxury single family homes average list price fell just over 4 percentage points in the past 30 days.
The average sold price for all categories, except condominiums/townhomes, rose with the luxury market leaping upwards over 30 percent while the single family market had only a marginal 2 percent gain and condominiums/townhomes fell less than one percentage point from the previous month.
The average days on market for both active listings and listings that sold, for the most part, varied by less than one week while the overall trend showed a decrease in days on market.
Inventory wise, all categories, experienced varying degrees of absorption with a downward trend on the number of active listings from August timeframe.
The snapshot for August continues to support favorable trends for sellers. The significant leap in the average sold price for the luxury market is contributing to the sellers pricing expectations. However, the average list price relative to the average sold price for the luxury market is considerable meaning that seller expectations are high but sellers are settling for less.
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