Honolulu real estate demand continues in September 2016

Honolulu real estate demand continues. The latest Housing Statistics show the supply shortage is pushing Honolulu Real Estate prices higher in September 2016. The Oahu real estate statistics for the month of September 2016 are released today. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the Oahu Hawaii island housing supply and statistics are:

Oahu (Hawaii) Single-Family Home Re-sales
Number of Oahu
home sales
This Month
Compared To
Median* 
home sales price Oahu
This Month 
Compared To
Sept 2016329$750,000
Sept 20153290.0%$730,000+2.7%
Honolulu Condominium Re-sales
Number of Oahu
condo sales
This Month
Compared To
Median* 
 Sales Price Oahu
This Month 
Compared To
Sept 2016
512$383,250
Sept 20154806.7%$366,000+4.7%

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

September 2016 demand continues for Oahu

During September the median price paid for single-family homes increased by 2.7% year over year to $750,000. The median price for condominiums increased by 4.7% percent from last year to $383,250. Sales of single-family homes were unchanged year over year, while condominium sales increased by 6.7 percent from September 2015. According to the Days on Market indicator, single-family homes were on the market for 16 days while condominiums were on the market for 20 days.

 September 2016 Honolulu board or Realtors :

"Oahu’s housing resale market in September indicates that there was no slowdown in demand as the summer came to an end,” said Kalama Kim, 2016 Honolulu Board of Realtors President. “While sales of single-family homes were flat compared to last year, the median days on market of just 16 days show homebuyers are still aggressively seeking opportunities. Another indication that demand is still strong are the pending sales figures, which show increases of nearly nine percent for single-family homes and 14 percent for condominiums, compared to last year. We are concerned about a drop in active listings for both single-family homes and condominiums during September, as more inventory is needed to satisfy the demand for housing, which has been the case for some time."

You can monitor the daily Honolulu housing market with instant statistics, new listings for the day and links to neighborhood statistics and real estate data such as Kakaako neighborhood statistics. Visit it here: Daily Oahu real estate market watch 
We also have instant housing statistics for Maui island. Visit it here: Daily Maui real estate market watch.  When you click on a neighborhood it brings you to the pricing heat map for that area.
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