Oahu real estate sales statistics September 2012 – Honolulu

Oahu real estate sales statistics for the month of September 2012. According to the analysis conducted by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

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

Oahu real estate sales during September 2012, sales of 304 single-family homes and 350 condominiums increased by 7 percent and decreased by 3.8 percent, respectively, from September 2011. The median price paid for island properties in September was $637,000 for single-family homes and $319,500 for condominiums, increases of 11.8 percent and 0.9 percent, respectively, compared to the same month last year. According to the Days on Market indicator, sales of both single-family homes and condominiums were accepted at a faster pace last month compared to a year ago, with single-family properties listing for 26 days and condominiums listing for just 27 days.

News Release/ September 2012 Honolulu Housing Statistics October 8, 2012

“One of the biggest trends that we saw in September was the decrease in days on market for both singlefamily homes and condos,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “There is less inventory now than a year ago, so homes are selling faster and prices are continuing to rise.”