Oahu real estate sale statistics August 2012 – Honolulu

Oahu real estate housing sales statistics for the month of August 2012.  According to the analysis conducted by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the Hawaii real estate statistics are:

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

During August, sales of 293 single-family homes and 409 condominiums increased 5 percent and 21 percent, respectively, from August 2011. The median price paid for island properties in August was $609,000 for single-family homes and $320,000 for condominiums, increases of 9.2 percent and 6.7 percent, respectively, 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 28 days.

News Release/ August 2012 Housing Statistics September 7, 2012

“This has been one of the best summers we’ve seen in many years, with closed and pending sales of both single-family homes and condominiums rising throughout the summer to highs in August,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “This is a good indicator that the market is finally recovering.”

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