Home sales on Oahu increase March 2017 – housing statistics

Increasing home sales on Oahu for the Month of March 2017.  The Honolulu Housing Statistics show that number of sales are increasing, pushing Real Estate activity higher on Oahu in March 2017. This is shown in Oahu real estate statistics for the month of March 2017, 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:

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

March 2017 Stable home sales for Oahu

During March, the median price paid for single-family homes increased by 3.7% year over year to $752,000. The median price for condominiums increased by 3.9% percent from last year to  $400,000. Sales of single-family homes increased by 4.0 percent year over year, while condominium sales increased by .8 percent from March 2016. According to the Days on Market indicator, single-family homes were on the market for 16 days while condominiums were on the market for 18 days.

April 7 News Release: March 2017 Honolulu real estate statistics

“Oahu median home prices and sales volume are holding steady, and properties are selling briskly, as indicated by the relatively short days on market,” said Sue Ann Lee, president of the Honolulu Board of Realtors. “The increase in pending sales shows that there’s continued demand for housing at all price points. Additionally, with the more than 37 percent increase in inventory for single-family houses and 27 percent increase for condominiums from last year, and the still historically low mortgage interest rates, potential buyers have options for their new home.”

Neighborhood in the photo: Lanikai