Home > Blogs > Theresa Harden > Theresa Harden's Blog...Aloha from Oahu, Hawaii!

March 2022 Oahu Hawaii Housing Inventory Snapshot

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

April 23, 2022 01:47 PM

The March 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of March 31, 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		March 31, 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]	$1,363,355	$1,172,329	54 / 23	262
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH]	$6,698,765	$4,045,250	97 / 64	77
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome]	$454,747	$495,627	90 / 30	740
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome]	$2,314,494	$1,617,885	124 / 47	244

The trend for the average list price and for the average sold price for all categories has risen for March 2022. The average days on market has marginally increased for all categories except luxury single family that has accelerated with 31 fewer days on market before having an acceptable purchase contract. Additionally, the number of active listings has decreased for all categories. With supply waning, demand will contribute to increases in average list price and the average sold price. The increase in prices is also likely contributed to supply chain price increases too. Given the near term persistence of the supply chain issues, the potential exists for an upward trend in prices regardless of demand.

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.