After 13 consecutive months of rising prices, the median sales price of a single-family home dropped for the first time. The 1.6% year-over-year decline is only the fourth time in more than three years single-family home prices have taken a break from its otherwise upward climb.
Single-family homes are going into escrow after a median of 14 days on the market, according to the latest stats compiled by the Honolulu Board of Realtors in May.
Despite a rise in mortgage interest rates and an uptick in new listings, the median sales price of a single-family home was up 10.9% last month, compared to April 2017.
Low inventory and rising prices continued into March, as reflected by the latest figures released by the Honolulu Board of Realtors this week.
While the island continues to faces a huge inventory drought, there’s no shortage of homebuyers eager to jump into the market this spring.
Prices are up. The number of single-family home sales is up. Days-on-the-market is shorter and months-of-inventory-remaining is scant.
With one month remaining in 2017, statistics reported thus far by the Honolulu Board of Realtors point to another record year of sales.
Median prices of single-family homes and condos on Oahu continue to trend upward.
Prices are on the rise, but not too fast — at a healthy rate. These are not boom-level indicators, but reflect modest, sustainable increases, based upon solid economic rationales.
Condo sales are up 19.5% in August — an indicator that condos and townhouses remain an attractive alternative to single-family homes for homebuyers desiring a more affordable price point.
According to July stats gathered by the Honolulu Board of REALTORS®, Oahu prices and sales activity continue on a soaring trajectory, while inventory remains low.
Supersonic days-on-the-market stats set a new record in June.
Single family home sales volume was strong in May, kicking off the summer buying season, which typically peaks in June.
With Oahu’s housing inventory shortage dropping to near two-year lows last month, it’s likely homes will sell faster and for more money in the coming months.
With the busy summer selling season for residential real estate on Oahu almost upon us, recent sales prices and volume are up.
The number of single-family homes coming onto the market (supply), is not keeping pace with demand.
While median prices were nearly flat in January, market indicators are consistent with a strong and continuing demand.
Oahu housing market stats from the last month of 2016 reflected an uncharacteristic spike in sales activity as the year came to a close.
With the distraction and uncertainty of the presidential race behind us, Oahu’s real estate market has surged with an unexpected late-year rally.
Despite headwinds, this turned out to be a good year overall for our local housing market.
The inertia of the scorching hot summer season continues.
No slowdown in housing demand as Summer comes to an end.
High levels of demand and a shortage of supply continue to fuel the rise in Oahu housing prices.
Summer sales bonanza continues on Oahu as July housing statistics show a summer-long rise in the median price paid for single-family homes and condominiums.
The median sales price for both single-family homes and condominiums on Oahu set all-time highs for June.
If you bought real estate on Oahu in 2015, you might be surprised to hear your property has likely appreciated already — significantly in some cases.
While January is typically a month when activity slows, the Oahu housing market burst out of 2015 full steam ahead with prices and sales volume unseasonably high.
Freddie Mac recently named Honolulu one of the healthiest housing markets in the country.
Buyers, this is your chance, because after the holidays, things will likely heat up again.
Homes sales on Oahu remain robust as the median sales price of a single-family home increased again in October.
September prices hit another all-time record. While prices continue to trend upwards on Oahu, there is still good news for buyers.
Temperatures weren’t the only things blazing on Oahu in August.
This year’s summer selling season year-to-date prices are heading for another all-time high.
No doubt about it, the summer selling season has heated up.
As we enter the summer season, demand remains high at all price points on Oahu.
Things are heating up. The statistics are in for April and single-family sales volume has skyrocketed 21.9%, while prices continue to rise.
Heading into the summer months, demand continues to outpace supply in Oahu’s housing market.