Condo sales are up 19.5% in August — an indicator that condos and townhouses remain an attractive alternative to single-family homes for homebuyers desiring a more affordable price point.
According to July stats gathered by the Honolulu Board of REALTORS®, Oahu prices and sales activity continue on a soaring trajectory, while inventory remains low.
Supersonic days-on-the-market stats set a new record in June.
Single family home sales volume was strong in May, kicking off the summer buying season, which typically peaks in June.
With Oahu’s housing inventory shortage dropping to near two-year lows last month, it’s likely homes will sell faster and for more money in the coming months.
With the busy summer selling season for residential real estate on Oahu almost upon us, recent sales prices and volume are up.
The number of single-family homes coming onto the market (supply), is not keeping pace with demand.
Oahu housing market stats from the last month of 2016 reflected an uncharacteristic spike in sales activity as the year came to a close.
With the distraction and uncertainty of the presidential race behind us, Oahu’s real estate market has surged with an unexpected late-year rally.
The inertia of the scorching hot summer season continues.
Coldwell Banker Pacific Properties
Kahala Mall Roof Top, 4211 Waialae Avenue, Suite 9000
Honolulu, HI 96816