Oahu real estate statistics June 2015

A jump in Oahu real estate sales volume for June 2015

Real estate statistics  for the month of June 2015 show a Jump in sales volume on Oahu. 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
June 2015 324 $700,000
June 2014 303 +6.9% $700,000 +0%
Oahu Condominium Re-sales
Number of Oahu
condo Sales
This Month
Compared To
Median* 
Oahu Sales Price
This Month 
Compared To
June 2015
500 $338,500
June 2014 411 21.7% $360,000 -6.0%

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

Continued strength in Hawaii real estate – June 2015

During June, the median price paid for single-family homes was unchanged at $700,000 year over year to $700,000. The median price for condominiums decreased by 6% percent from last year to  $338,500. Sales of single-family homes increased by 6.9 percent, while condominium sales increased by 21.7% percent from June 2014. According to the Days on Market indicator, single-family homes were on the market for 18 days while condominiums were on the market for 22 days.

July 7 News Release: June 2015 Honolulu real estate statistics

“June saw a very high volume start to what is traditionally a busy season for housing sales,” said Jack Legal, president of the Honolulu Board of Realtors. “A particularly interesting aspect of this report is the huge jump in sales of condos – the highest number of sales in a single month since June 2007. The drop in median price is the result of many of this month’s condo sales being in the lower price ranges, and is in line with our staunch belief that Honolulu’s market needs housing at all price points of the spectrum to remain healthy. It is unclear whether the median price for condos will remain at that level. What is clear is that demand will continue to outstrip supply for the foreseeable future.”

Statistics customized

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