Oahu single-family home sales heated up in July while median prices for single-family homes and condos reached new highs.
Sales of single-family homes on Oahu rose by 12% last month, compared to September of last year, as the median price declined by 4%, according to statistics from the Honolulu Board of Realtors.
View Oahu’s most current 5 Year Neighborhood Median Price & Inventory Levels in PDF format.
April Stats from HBR Monthly Statistical Report & Other Sources
The map displayed here is a recap of 2018 Single Family Sales by neighborhood. Sales data sorted by neighborhood and by price highest to lowest are also provided in PDF format.
After 13 consecutive months of rising prices, the median sales price of a single-family home dropped for the first time. The 1.6% year-over-year decline is only the fourth time in more than three years single-family home prices have taken a break from its otherwise upward climb.
Single-family homes are going into escrow after a median of 14 days on the market, according to the latest stats compiled by the Honolulu Board of Realtors in May.
Despite a rise in mortgage interest rates and an uptick in new listings, the median sales price of a single-family home was up 10.9% last month, compared to April 2017.
Low inventory and rising prices continued into March, as reflected by the latest figures released by the Honolulu Board of Realtors this week.
While the island continues to faces a huge inventory drought, there’s no shortage of homebuyers eager to jump into the market this spring.