hawaii housing statistics

Hawaii housing Statistics March 2015

Hawaii Housing statistics  for the island of Oahu for the month of March 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
March 2015 244 $700,000
March 2014 246 -.8% $657,000 6.5%

 

Oahu Condominium Re-sales
Number of Oahu
condo Sales
This Month
Compared To
Median* 
Oahu Sales Price
This Month 
Compared To
March 2015
403 $380,000
March 2014 387 +4.1% $350,000 +8.6%

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

Oahu, Hawaii, real estate sales increased in March 2015

During March, the median price paid for single-family homes increased by 6.5 percent from the same month last year to $700,000. The median price for condominiums increased by 8.6 percent from last year to  $380,000. Sales of single-family homes decreased by .8 percent, while condominium sales increased by 4.1 percent from March 2014. According to the Days on Market indicator, single-family homes and condominiums were both on the market for 21 days.

News Release/ March 2015 Honolulu, Hawaii, real estate Statistics April 7, 2015

“The increase in median prices reflects the continued limited inventory available, especially in single- family homes,” said Jack Legal, president of the Honolulu Board of REALTORS®. With limited single- family homes for sale, homebuyers may look toward condos as affordable options, and the increased demand also drives median condo prices upwards. Simply put, demand continues to outpace supply.”

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