Hawaii real estate statistics May 2013 for Oahu

The Hawaii real estate statistics,  May 2013 for the island Oahu. According to the analysis 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 home sales statistics May 2013

Sales of single-family homes and condominiums on Oahu increased by 9.5 percent and 21.8 percent, respectively, from May 2012. The median price paid for the island of Oahu properties in May was $630,000 for single-family homes and $315,000 for condominiums, a decrease of 5.1 percent and an increase of 5.0 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 25 days and condominiums listing for 27 days.

News Release/ April 2013 Honolulu Housing Statistics June 7, 2013

“May was an especially strong month for condominium sales.  Not only did we see both sales and the median price increase, but sellers also received, on average, 99.1 percent of their original listing price, ” said Kevin Miyama, president of the Honolulu Board of REALTORS®.  “Additionally, sales of single family homes continue on an upward trend and we’re excited to see where the market goes.”