Hawaii real estate statistics August 2013 for Oahu

The Hawaii real estate statistics,  August 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 August 2013

Sales of single-family homes and condominiums on Oahu increased by 24.9 percent and 12.5 percent, respectively, from August 2012. The median price paid for the island of Oahu properties in August was $665,000 for single-family homes and $350,000 for condominiums, a increase of 9.2% and 9.4% respectively compared to the same month last year.  According to the Days on Market indicator single-family homes were on the market for and average of 20 days and condominiums for 19 days.

News Release/ August 2013 Honolulu Housing Statistics September 9, 2013

“Realtors are reporting that properties are selling quickly, making it more important than ever for buyers to be prepared by being pre-qualified for a loan, so when they are ready to make a purchase – they can act fast,” said Kevin Miyama, president of the Honolulu Board of Realtors®. “With the median sales prices rising compared to this time last year, especially for condominiums, on-the-fence sellers should consider listing their properties now to take advantage of the shortage of inventory on the market.”

“With Double digit percentage increases in both single family homes and condominiums, we really experienced a boom in the numbers of sales compared to August of last year. Properties are moving fast, and data is showing the median sales price is rising significantly,” says Kevin Miyama, President of the Honolulu Board of Realtors. “Given the historically low inventory of the market, on-the-fence sellers should consult a Realtor about listing, as now may be the right time.”