Stable home sales on Oahu – January 2017 statistics

Stable home sales on Oahu for the Month of January 2017.  The Honolulu Housing Statistics show that strong sales are continuing, pushing Real Estate prices on Oahu higher in January 2017. This is shown in Oahu real estate statistics for the month of January 2017, which are released today. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the Oahu island housing supply and statistics are:

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

January 2017 Stable home sales for Oahu

During January, the median price paid for single-family homes decreased by 0.5% year over year to $730,000. The median price for condominiums increased by 1.5% percent from last year to  $380,000. Sales of single-family homes increased by 6.5 percent year over year, while condominium sales increased by 1.5 percent from January 2016. According to the Days on Market indicator, single-family homes were on the market for 21 days while condominiums were on the market for 26 days.

February 7 News Release: January 2017 Honolulu real estate statistics

“January to February has historically been the seasonal low for Oahu housing sales, so these figures are typical to start the year,” said Sue Ann Lee, president of the Honolulu Board of Realtors. “However, days on market are still very low and new listings are up. The new inventory coming onto the market is helpful; however, more options at all price points are still needed to keep up with the demand for housing.”