Oahu properties sell faster - April 2016 statistics

Oahu properties sell faster in April 2016. The Oahu real estate statistics for the month of April 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 statistics are:

Oahu (Hawaii) Single-Family Home Re-sales
	Number of Oahu home Sales	This Month Compared To	*Median Oahu home sales price**	This Month Compared To
Apr 2016	301		$720,000
Apr 2015	301	+0.0%	$674,900	+6.7%

Oahu Condominium Re-sales
	Number of Oahu condo Sales	This Month Compared To	Median* Oahu Sales Price	This Month Compared To
Apr 2016	460		$389,500
Apr 2015	454	+1.3%	$370,475	+5.1%

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

April 2016 brings again housing price increases for Oahu

During April, the median price paid for single-family homes increased by 6.7% year over year to $720,000. The median price for condominiums increased by 5.1% percent from last year to $389,500. Sales of single-family homes remained the same at 301 units, while condominium sales increased by 1.3 percent from April 2015. According to the Days on Market indicator, single-family homes were on the market for 15 days while condominiums were on the market for 19 days.

May 7 News Release: April 2016 Honolulu real estate statistics

“The market continues to march forward at a very fast pace. Last month it took just 15 days for a single- family home to receive an acceptable offer and just 19 days for condos. While sales were generally flat year-over-year compared to April 2015, the market remains strong, as evidenced by the increase in the median sales price and pending sales,” said Kalama Kim, 2016 president of the Honolulu Board of Realtors. “Condominiums continue to be a popular option for homebuyers, with the median price climbing to a record level this month. Still, we know that there are hundreds of units listed below that median price, so I’d encourage potential homebuyers to partner with a Realtor to find a home that meets their needs and fits their budget. The five percent increase in single-family home listings compared to last year is a good sign; however, we need to see more inventory at all points of the price spectrum to help meet continued demand and homebuyers’ preferences.”

Daily Oahu real estate market watch with instant statistics, new listings for the day and links to neighborhood statistics and real estate data such as Kakaako neighborhood statistics.