Oahu real estate statistics for October 2015

The Hawaii Real estate statistics  for the month of October 2015 are release today. 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
Oct 2015313$720,000
Oct 2014298+5.0%$690,000+4.3%
Oahu Condominium Re-sales
Number of Oahu
condo Sales
This Month
Compared To
Median* 
Oahu Sales Price
This Month 
Compared To
Oct 2015
454$370,000
Oct 2014415+1.3%$352,750+4.9%

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

More price increases in Oahu real estate - October 2015

During October, the median price paid for single-family homes increased 4.3% year over year to $720,000. The median price for condominiums increased by 4.9% percent from last year to  $352,750. Sales of single-family homes increased by 5.0 percent, while condominium sales increased by 1.3% percent from October 2014. According to the Days on Market indicator, single-family homes were on the market for 22 days while condominiums were on the market for 23 days.

November 7 News Release: October 2015 Honolulu real estate statistics

"While single-family homes set a new record in September with a median price of $730,000, about 12 percent were sold below $500,000, demonstrating that there are options at all price points in the market – it just takes some looking," said Jack Legal, president of the Honolulu Board of REALTORS®. "We are hopeful that the inventory of homes on the lower end of the spectrum will continue to grow to meet demand. In fact, the nearly 16 percent increase in condo sales over last year proves that more inventory is coming online for prospective homebuyers to consider."

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 Kailua real estate data

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