Strong Honolulu condo sales – April 2017 Oahu statistics

Strong Honolulu condo sales for the Month of April 2017.  The Honolulu (Oahu) Housing Statistics show that number of condo sales are increasing, pushing Real Estate activity higher on Oahu higher in April 2017. This is shown in Oahu real estate statistics for the month of April 2017, which were released today. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the Oahu island housing supply and statistics are:

*Median price means half the prices were above and half below the given price.

April 2017 Stable home sales for Oahu

During April, the median price paid for single-family homes decreased by .1% year over year to $712,500. The median price for condominiums increased by 6.7% percent from last year to  $415,500. Sales of single-family homes decreased by 7.0 percent year over year, while condominium sales increased by 5.7 percent from April 2016. According to the Days on Market indicator, single-family homes were on the market for 18 days while condominiums were on the market for 15 days.

May 7 News Release: April 2017 Honolulu real estate statistics

“Potential homebuyers should not be discouraged with the median prices, as about 39 percent of single-family houses sold in April were in the $500,000 to $ 699,999 range and 44 percent of condominiums were between the$300,000-$499,999 range,” said Sue Ann Lee, president of the Honolulu Board of Realtors. “While we’re encouraged by the new listings coming onto the market, it is still not enough to keep up with the demand for housing at all price points.”