Oahu real estate sales statistics – July 2012 Honolulu

Oahu real estate sales statistics for the month of July 2012.  According to the analysis conducted 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 during July, sales of 265 single-family homes and 364 condominiums increased 5.6 percent and 21.3 percent, respectively, from July 2011. The median price paid for island properties in July was $635,000 for single-family homes and $320,000 for condominiums, increases of 5.6 percent and 21.3 percent, compared to the same month last year. According to the Days on Market indicator, sales for 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 just 29 days.

News Release/ July 2012 Housing Statistics August 7, 2012

“July was an exceptional month for the Honolulu housing market. We saw numbers rise for both single-family homes and condominiums. Condominium sales have been steady over the last few months, but in July we saw a huge leap,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “Heading into the fall, the numbers are looking great—from major increases in pending sales for both single-family homes and condominiums to a decrease in the median days on market.”

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