January 2015 hawaii housing statistics

Hawaii housing Statistics January 2015

Hawaii Housing statistics  for the island of Oahu for the month of January 2015. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the Island housing statistics are:

Oahu (Hawaii) Single-Family Home Re-sales
Number of Oahu
home Sales
This Month
Compared To
Median* Oahu
Sales Price
This Month 
Compared To
January 2015 210 $675,000
January 2014 246 -14.6% $629,500 +7.2%

 

Oahu Condominium Re-sales
Number of Oahu
condo Sales
This Month
Compared To
Median* 
Oahu Sales Price
This Month 
Compared To
January 2015
286 $381,500
January 2014 310 -7.7% $320,000 +19.2%

*Median price means half the prices were above and half below the given price.

Oahu, Hawaii, real estate sales increased in January 2015

During January, the median price paid for single-family homes increased 7.2% percent from the same month last year to $675,000. The median price for condominiums increased by 19.2 percent from last year to  $381,500. Sales of single-family homes decreased by 14.6% percent, while condominium sales decreased by 7.7 percent from January 2014. According to the Days on Market indicator, single-family homes were on the market for an average of 26 days, while condominiums were on the market for an average of 27 days.

News Release/ January 2015 Honolulu, Hawaii, real estate Statistics February 7, 2015

“This is traditionally one of the slowest months of the year, so the sluggish sales of single family homes and, to a lesser extent, condos, is not too surprising,” said Jack Legal, president of the Honolulu Board of REALTORS®. “However, what’s notable is the jump in median sales price, including a new record set for condominiums. This indicates demand for housing is still very high, and the one factor that is putting a damper on the market is, as usual, the lack of inventory, especially for single family homes.”

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