Oahu home and condo sales surge in November 2017

Oahu home and condo sales surge in November 2017

Oahu home and condo sales surge in November 2017. The Honolulu (Oahu) Real Estate statistics show that even during the typical slow Fall season, the market remains robust in November. This is shown in the Oahu real estate statistics for the month of November 2017, which were 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 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
Nov 2017332$773,500
Nov 2016294+12.9%$750,000+3.1%
Oahu Condominium Re-sales
Number of Oahu
condo sales
This Month
Compared To
Median* 
 Sales Price Oahu
This Month 
Compared To
Nov 2017
501$405,000
Nov 2016421+19%$395,000+2.5%

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

Oahu Median condo sale prices hit record high in November 2017

During November, the median price paid for single-family homes increased by 3.1% year over year to $773,500. The median price for condominiums increased by 2.5% percent from last year to $405,000. Sales of single-family homes increased by 12.9 percent year over year, while condominium sales increased by 19 percent from November 2016. According to the Days on Market indicator, single-family homes and condos were both on the market for 16 and 20 days, respectively.

Malia’s comments

“Typically, November is among the slower months of the year in our market. Therefore it is remarkable to see these incredible surges in the number of sales numbers for in both homes and condos. Both housing types are still bumping along the top of their median sales prices. Also, the continued low days on market figures show just how low the available inventory is and the strong demand for housing. ”

Hawaii House statistics real time

You can monitor the daily Honolulu housing market and follow home sales on Oahu 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.

About Malia

Malia is an award winning real estate broker. Born and raised in Kailua, Oahu, Hawaii.