The September 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of September 27, 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 dropped and most substantially for luxury single family homes which fell 12.6 percent from August.
The average sold price for all categories also dropped with around a 23 percent drop in average sold prices for both luxury single family homes and luxury condominiums/townhomes.
While pricing has been bearish, the average days on market predominately dropped for all categories expect single family homes which remained relatively flat meaning that inventory is still moving.
Inventory remained unchanged for single family and luxury single family homes; however, inventory notched upwards for both categories of condominiums/townhomes. The increase in supply has the potential to further drive down prices in the condominium market.
The snapshot for September is waning away from support for sellers and may be shifting to favor buyers particularly with the condominium/townhome markets. As we move into fall season, such an adjustment to the market is expected, but we will need to wait until next month's snapshot to see if the trend persists and to what degree.
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