Oahu real estate sales statistics

Oahu real estate sales statistics for the month of May 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:

Single-Family Home Resales
	Number of Sales	This Month Compared To	Median* Sales Price	This Month Compared To
May 2012	243		$6640,000
May 2011	243	0%	$595,000	+11.6%

Condominium Resales
	Number of Sales	This Month Compared To	Median* Sales Price	This Month Compared To
May 2012	371		$300,000
May 2011	330	12.4%	$290,000	+3.4%

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

Oahu real estate sales during May, sales of 243 single-family homes and 371 condominiums were reported through the Board’s MLS; single-family home sales experienced no change while condominium sales increased by 12.4 percent from May 2011. The median price paid for island properties in May was $664,000 for single-family homes and $300,000 for condominiums, increases of 11.6 percent and 3.4 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 faster pace last month compared to a year ago, with single-family properties listing for 28 days; condominiums were also accepted in a shorter amount of time, listing for just 32 days.

News Release/ May 2012 Housing Statistics June 7, 2012

“Over the last few months we’ve seen a steady increase in single family home prices. Last month, a large number of luxury home sales resulted in prices peaking at $664,000, a high since June of 2007,” said Joe Paikai, president of the Honolulu Board of REALTORS^®. “We also saw an increase in pending sales for both single family homes and condos, which leads us to be optimistic going into the summer.”

Email us or gives us a call at 808-394-9779 if you would like to know more about the Hawaii Real estate market