January 2022 Oahu Hawaii Housing Inventory Snapshot

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

The January 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of January 28, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price.  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.

Housing Inventory Snapshot  January 28, 2022 
  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] $1,460,486 $1,158,174 69 / 23 248
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $6,802,541 $5,031,875 144 / 137 74
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $432,015 $481,646 86 / 29 781
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,020,774 $1,591,509 118 / 75 255

The 30-day trend for the average list price has settled down from the previous month's jump with all categories except condo/townhome dropping. The overall change from the previous month is significant. The luxury single family market 30-day trend in average sold price continued its upwards leap to a 22 percent increase however the luxury condo/townhome market fell by 15 percent.  The 30-day average days on market for all categories except luxury single family homes dropped but not by a significant margin. The 30-day trend in inventory for all markets remained relatively stagnant.

You must keep in mind that the trends are all short term and most purchase and sales contracts take longer to close than 30-days. None-the-less, the short term market movement provides an indicator into rates of change. Given the trends, we are still seeing a strong demand for luxury single family homes and condo/townhomes regardless sellers are adjusting prices downward and accepting less money for single family homes and luxury condo/townhomes.  With supply remaining flat, we could see upward pressure on prices in the near term. As long as inventory remains low, along with near term mortgage interest rates, the market will continue to favor sellers. 

Even a market that favors sellers does not mean that deals are none existent. No matter the market condition opportunity can present itself but only for those who are actively looking and ready to pounce. 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
Oovoo: hawaii_realtor

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 (1)

Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Happy Valentine's Day! Thank you for another great market update. Looks like you are keeping busy

Feb 14, 2022 10:22 AM