Home sales stable in January 2017 on Oahu

Home sales stable in January on Oahu – Real estate statistics

The number of Hawaii real estate sales jump. The Hawaii Housing Statistics show that stable prices are continuing on Oahu in January 2017. The Oahu real estate statistics for the month of January 2017 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
Jan 2017247$730,000
Jan 2016232+6.5%$733,500-0.5%
Oahu Condominium Re-sales
Number of Oahu
condo sales
This Month
Compared To
Median* 
 Sales Price Oahu
This Month 
Compared To
Jan 2017
378$380,000
Jan 2016338+11.8%$374,500+1.5%

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

January 2017 Sales continue to be stable for Oahu

During January, the median price paid for single-family homes decreased by .5% year over year to $730,000. The median price for condominiums increased by 1.5% percent from last year to  $380,000. Sales of single-family homes increased by 6.5 percent year over year, while condominium sales increased by 11.8 percent from January 2016. According to the Days on Market indicator, single-family homes were on the market for 21 days while condominiums were on the market for 26 days.

February 6 News Release: January 2017 Honolulu real estate statistics

“January to February has historically been the seasonal low for Oahu housing sales, so these figures are typical to start the year,” said Sue Ann Lee, president of the Honolulu Board of Realtors. “However, days on market are still very low and new listings are up. The new inventory coming onto the market is helpful; however, more options at all price points are still needed to keep up with the demand for housing.”

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.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply