Oahu Hawaii real estate sales statistics September 2011 – Honolulu

Oahu Hawaii real estate and housing sales statistics for the month of September 2011. 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:

During September, sales of 284 single-family homes and 364 Oahu condominiums were reported through the Board’s MLS, increases of 4 percent and 19 percent, respectively, for single-family homes and condominiums from September 2010. The median price paid for island properties in September was $570,000 for single-family homes and $316,500 for condominiums, decreases of 8.1 percent for singlefamily homes and 4.1 percent for condominiums compared to the same month last year. According to the Days on Market indicator, sales of single-family homes closed at a faster pace last month compared to a year ago, with homes listing for 31 days. Condominiums closed at a slower pace last month compared to a year ago, listing for 39 days.

News Release/ September 2011 Housing Statistics October 7, 2011

“We’re encouraged by September’s numbers, with the number of sales of both single-family homes and condominiums increasing over last year,” said Joyce Nakamura, President of the Honolulu Board of REALTORS®. “The fact is that consumers are purchasing properties that are appropriately priced for today’s market. And while it appears that that foreclosures and short sales are continuing to drive prices down, the good news is that there are a lot of great buys out there, especially given current low interest rates.”

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