Strong December 2016 Housing sales Hawaii House

Strong home sales continue on Oahu – December 2016 statistics

Strong home sales continue on Oahu for the Month of December 2016.  The Honolulu Housing Statistics show that strong sales are continuing, pushing Real Estate prices on Oahu higher in December 2016. This is shown in Oahu real estate statistics for the month of December 2016, which 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 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
Dec 2016341$730,000
Dec 2015297+14.8%$700,000+4.3%
Oahu Condominium Re-sales
Number of Oahu
condo sales
This Month
Compared To
Median* 
 Sales Price Oahu
This Month 
Compared To
Dec 2016
525$390,000
Dec 2015424+23.8%$386,250+1.0%

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

December 2016 Strong sales continue for Oahu

During December, the median price paid for single-family homes increased by 4.3% year over year to $730,000. The median price for condominiums increased by 1.0% percent from last year to  $390,000. Sales of single-family homes rose 14.8 percent year over year, while condominium sales jumped by 23.8 percent from December 2015. According to the Days on Market indicator, single-family homes were on the market for 18 days while condominiums were on the market for 18 days.

January 6 News Release: December 2016 Honolulu real estate statistics

“December is typically a slower month for home buying, but that wasn’t the case in 2016 and home sales ended the year on a strong note with double-digit increases for both single-family homes and condos,” said Kalama Kim, Honolulu Board of Realtors 2016 President. “While inventory remained relatively flat from last year, we’re encouraged by the increases in pending sales for both categories with single-family homes up more than 15 percent and condos at just over 20 percent. Those should lead to strong sales figures in next few months once the transactions close.”

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.
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