September 2021 Oahu Hawaii Housing Inventory Snapshot

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

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. 

Housing Inventory Snapshot  September 27, 2021 
  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 Based on SFH] $1,280,136 $1,110,074 50 / 16 343
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $5,537,553 $4,199,222 127 / 64 101
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $407,611 $454,045 82 / 31 832
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,431,711 $1,277,382 139 / 40 270

If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities.

If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. 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. 

Posted by

Aloha and Mahalo,

Theresa Harden
Principal Broker e-PRO, SFR, Realtor

Direct: (808) 223-0429
Office: (808) 735-2221
Toll Free (866) 800-7250

eFax: (866) 405-4274 

Skype: theresa.harden
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Waikiki Sales Office
2463 Kuhio Ave. C1
Honolulu, Hawaii 96815

Search for Oahu Real Estate For Sale www.Invest808.com

Oahu Property Management Services www.OahuRentalServices.com

Comments (2)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Theresa. Interesting numbers to follow. Will the October numbers indicate a trend or a market blip? We shall see. Enjoy your day.

Oct 07, 2021 05:22 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Theresa! Thanks for the market report. I am always fascinated by the Hawaiian market

Oct 07, 2021 12:05 PM