Record Oahu home sale prices in June 2017 – Real estate statistics

Record Oahu home sale prices were set in June 2017.  The Honolulu (Oahu) Real Estate statistics show that prices for single family homes have reached an all time high on Oahu in June. This is shown in Oahu real estate statistics for the month of June 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
June 2017370$795,000
June 2016324+14.2%$760,000+4.6%
Oahu Condominium Re-sales
Number of Oahu
condo sales
This Month
Compared To
Median* 
 Sales Price Oahu
This Month 
Compared To
June 2017
536$400,000
June 2016548-2.2%$405,500-1.4%

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

June 2017 Median home sale prices hit record high for Oahu

During June, the median price paid for single-family homes increased by 4.6% year over year to a record $795,000. The median price for condominiums decreased by 1.4% percent from last year to  $400,000. Sales of single-family homes increased by 14.2 percent year over year, while condominium sales decreased by 2.2 percent from June 2016. According to the Days on Market indicator, single-family homes and condos were both on the market for 12 and 13 days, respectively.  A new record was also set in 12 days on market for single family homes.  This is an all time low for days on market.

July 7 News Release: June 2017 Honolulu real estate statistics

“It is amazing to see record sales prices and also the speed at which homes are selling this summer,” said Sue Ann Lee, president of Honolulu Board of Realtors. “Median sales prices for single-family houses were the highest we’ve seen since June 2016. Lack of inventory for single-family houses below $500,000 has pushed the median price higher. However, even with the higher median prices homeownership is clearly still a top priority of consumers, as pending sales for single-family houses are up by 38.7 percent and we anticipate those to be reflected in closed sales in the upcoming months.”

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.
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