Oahu Housing Statistics

Buying November 2022 Oahu Housing Statistics Report     Price Reductions Increase Amid Sluggish O‘ahu Home Sales  Median sales price for condos drops 4% year-over-year to $480,000 O‘ahu’s single-family home and condo markets experienced a significant year-over-year decline in sales, falling 48.2% and 43.4%, respectively. The median sales price for a single-family home rose 9.5% to $1,149,500, while the median sales price […]
Market Trends September 2022 Oahu Housing Statistics   Sales of O‘ahu Homes Cool Amid Rising Mortgage Rates Median sales prices remain relatively flat, active inventory builds gradually Rising mortgage rates are weighing on home sales. Year-over-year, single-family home and condo sales dropped 34.4% and 19.3%, respectively, and compared to August 2022, single-family home sales were down 11.5%, while condo sales dipped 2.4%. […]
Market Trends August 2022 Oahu Housing Statistics Sales of O‘ahu Homes Return to Pre-Pandemic Levels Median sales price for condos dips to under $500,000 More than 300 single-family homes and more than 500 condos sold in August, which is near pre-pandemic annual average closed sales per month for single-family homes and above average for condos. Median sales prices remained on pace with […]
Market Trends Oahu Market Housing Statistics   Sales of O‘ahu Homes, Condos Fall Nearly a Quarter in July Properties continue to move into contract quickly despite cooling demand Closed sales in both single-family home and condominium markets declined by 22.8% year-over-year. Sales also slipped from a month ago, down 12.6% for single-family homes and 17.3% for condos. “Demand continued to cool […]
Local June 2022 Oahu Housing Statistics Rising Interest Rates Cause Ripple Effects Across O‘ahu’s Housing Market REALTORS® see decreased sales volume, reduced asking prices, active listings up for longer Housing sales volume on O‘ahu declined in June, with single-family home sales down 20.8% and condos dropping 14.2% year-over-year. However, sales volume is still up compared to pre-pandemic 2019 levels, with single-family […]
Market Trends Market Shift A little update on the current real estate Market Shift below:   What’s going on with the market? Less offers written Less multiple offers Less escalation clauses Appraisals are coming in below the purchase price Closings are at or slightly below the list price More cancellations More days on market More price reductions More transaction […]
Oahu Housing Statistics O‘ahu Housing Prices Continue to Tick Up, Setting New Records   Properties spend a near-record median of 10 days on the market The single-family home market started to cool with closed sales dropping 15.1%, while the demand for condos remained steady with closed sales rising 15.1% compared to May 2021. Both markets saw median sales prices continuing to tick upwards, setting new records, with single-family […]
Oahu Housing Statistics Oʻahu Home Sales Dip, Condominium Sales See Modest Increase Single-family home and condo prices drop slightly from last month to $1,105,000 and $510,000 Year-over-year sales changed modestly from April 2021, with single-family home sales falling 2.7% and condo sales rising 4.2%. Single-family homes and condos marked a double-digit increase in the median sales price, with single-family homes recording a median of $1,105,000 in April, […]
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