Hawaii Oahu real estate sales statistics April 2011 – Honolulu

Hawaii Oahu real estate sales statitics for the month of April 2011. 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.

During April, sales of 229 single-family homes and 379 condominiums were reported through the Board’s MLS, decreases of 19.6 percent and 6.7 percent, respectively, for single-family homes and condominiums from April 2010. The median price paid for island properties in April was $585,000 for
single-family homes and $305,000 for condominiums, an increase of 3.5 percent for single-family homes and a 0.7 percent decrease for condominiums, compared to the same month last year. According to the Days on Market indicator, sales closed at a slower pace last month compared to a year ago with singlefamily homes listing for 34 days up from 26 and condominiums listing for 34 days up from 24.

News Release/ April 2011 Housing Statistics May 9, 2011

“Median prices are holding pretty firm in the current Oahu housing market, at $585,000 and $305,000, in April,” sad Joyce Nakamura, President of the Honolulu Board of REALTORS®. “April’s data shows that there is enough demand, albeit lower than last year, to maintain our residential price levels. We continue to experience a stable environment for both buyers and sellers.”

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