Hawaii housing Statistics February 2015

Hawaii Housing statistics  for the island of Oahu for the month of February 2015. 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
February 2015 201 $648,000
February 2014 190 5.8% $679,000 -4.6%

 

Oahu Condominium Re-sales
Number of Oahu
condo Sales
This Month
Compared To
Median* 
Oahu Sales Price
This Month 
Compared To
February 2015
290 $326,000
February 2014 296 -2.0% $359,450 -9.3%

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

Oahu, Hawaii, real estate sales increased in February 2015

During February, the median price paid for single-family homes decreased by 4.6 percent from the same month last year to $648,000. The median price for condominiums decreased by 9.3 percent from last year to  $326,000. Sales of single-family homes increased by 5.8% percent, while condominium sales decreased by 2.0 percent from February 2014. According to the Days on Market indicator, single-family homes were on the market for an average of 25 days, while condominiums were on the market for an average of 29 days.

News Release/ February 2015 Honolulu, Hawaii, real estate Statistics March 7, 2015

“February is traditionally one of the slowest months of the year for real estate sales,” said Jack Legal, president of the Honolulu Board of REALTORS®. “Of particular interest in this report is the growth of inventory over last year, especially the number of condos that have come onto the market. The condo inventory grew by 14 percent over February 2014, while the inventory of homes rose by 6.4 percent. With the increased inventory, as well as continued record low mortgage rates, we encourage potential homebuyers who have been on the fence to look at the various options now available.”

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