Hawaii real estate statistics February 2013 for Oahu

The Hawaii real estate statistics,  February 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 sales statistics February 2013

Sales of single-family homes and condominiums on Oahu decreased by 7.4 percent and condominiums increased by 22.9 percent, respectively, from February 2012. The median price paid for the island of Oahu properties in February was $600,000 for single-family homes and $340,000 for condominiums, decrease of 4 percent and an increase of 7.9 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 25 days and condominiums listing for 34 days.

News Release/ February 2013 Honolulu Housing Statistics March 7, 2013

“These numbers aren’t all that surprising, given that February is typically a down month in Honolulu, and  we normally see the numbers start to climb from now until July, which is the high point in the market,”  said Kevin Miyama, president of the Honolulu Board of REALTORS®.  “For single-family homes, we’re  continuing to see limited inventory and fewer new listings. On the condo side, sales were quite good  when you consider our inventory was down about 27 percent. Compared to single-family homes, we have  more condos on the market, especially in the mid-price range.”