Oahu real estate sales statistics – June 2012 Honolulu

Oahu real estate sales statistics for the month of June 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.

During June, sales of 279 single-family homes and 342 condominiums were reported through the Board’s MLS; single-family home sales experienced a 12.5 percent increase while condominium sales decreased by 3.4 percent from June 2011. The median price paid for island properties in June was $620,000 for single-family homes and $297,000 for condominiums, an increase of 10.2 percent and a decrease of 1.3 percent respectively, compared to the same month last year. According to the Days on Market indicator, sales for single-family homes were accepted at a slower pace last month compared to a year ago, with single-family properties listing for 35 days; condominiums were accepted in a shorter amount of time, listing for just 30 days.

News Release/ June 2012 Housing Statistics July 9, 2012

“Single-family homes sales were particularly strong in June, while condominium sales were consistent with June 2011,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “We’re optimistic about the remainder of the summer thanks to dramatic increases in pending sales for both condo and single-family homes.”

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