Steep Competition Drives Positive Market Activity for O‘ahu Real Estate
Single-family homes sales set a record median price of $883,000.
According to resales figures released today by the Honolulu Board of REALTORS®, the O‘ahu housing market continued to gain positive momentum into the new year with closed sales of single-family homes and condos increasing 9.8% and 3.4%, respectively over last year. The median sales price for single-family homes set a new record of $883,000, marking a 14.7% increase year-over-year and 1.5% more than last month. Compared to the previous year, the condo median sales price increased 5.4% to $452,000, which is a slight decrease of 0.7% from last month.
BREAKING IT DOWN
WHAT DO THESE NUMBERS MEAN?
Every month we take a look at the local market and take a deep dive on what we think is going on. You can see our monthly comments on Instagram! Or we'ed love to talk to you one on one to go over the trends we are seeing.
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