Hawaii real estate statistics July 2013 for Oahu

The Hawaii real estate statistics,  July 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 July 2013

Sales of single-family homes and condominiums on Oahu increased by 9.4 percent and 17 percent, respectively, from July 2012. The median price paid for the island of Oahu properties in July was $647,500 for single-family homes and $345,500 for condominiums, a increase of 2% and 8% 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 17 days and condominiums for 20 days.

News Release/ July 2013 Honolulu Housing Statistics August 7, 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.”