Housing Stats

Jan. 19, 2023

Advice for Buyers & Sellers in Today’s Housing Market

I read a few articles a week to keep up with housing market trends, and this one made incredible sense as I've seen in my own practice, and in O'ahu's market. There is so much "poor housing news" meant to drive traffic etc.. this I felt ...

View More
Posted in Housing Stats
Jan. 10, 2023

Jan '23 | Market Update

O‘ahu Home Sales Cool in 2022 Amid Rising Mortgage Rates
Single-family home and condo sales volume saw double-digit declines 
despite a strong start to the year

In December, sales for single-family homes plummeted 46.6%, while condo sales were down 39.3% year-over-year. The median sales price for a single-family ...

View More
Posted in Housing Stats
Dec. 12, 2022

December | Market Update

Price Reductions Increase Amid Sluggish O‘ahu Home Sales 
Median sales price for condos drops 4% year-over-year to $480,000 

O‘ahu’s single-family home and condo markets experienced a significant year-over-year decline in sales, falling 48.2% and 43.4%, respectively. The median sales price for a single-family home rose 9 ...

View More
Posted in Housing Stats
Oct. 13, 2022

October | Market Update

Sales of O‘ahu Homes Cool Amid Rising Mortgage Rates

Median sales prices remain relatively flat, active inventory builds gradually

Rising mortgage rates are weighing on home sales. Year-over-year, single-family home and condo sales dropped 34.4% and 19.3%, respectively, and compared to August 2022, single-family home sales were down ...

View More
Posted in Housing Stats
Aug. 16, 2022

August | Market Update

Sales of O‘ahu Homes, Condos Fall Nearly a Quarter in July

Properties continue to move into contract quickly despite cooling demand

Closed sales in both single-family home and condominium markets declined by 22.8% year-over-year. Sales also slipped from a month ago, down 12.6% for single-family homes and 17 ...

View More
Posted in Housing Stats
July 12, 2022

July | Market Update

Rising Interest Rates Cause Ripple Effects Across O‘ahu’s Housing Market
REALTORS® see decreased sales volume, reduced asking prices, active listings up for longer

Housing sales volume on O‘ahu declined in June, with single-family home sales down 20.8% and condos dropping 14.2% year-over-year. However, sales volume is still ...

View More
Posted in Housing Stats
June 20, 2022

June | Market Update

O‘ahu Housing Prices Continue to Tick Up, Setting New Records
Properties spend a near-record median of 10 days on the market

The single-family home market started to cool with closed sales dropping 15.1%, while the demand for condos remained steady with closed sales rising 15.1% compared to May ...

View More
Posted in Housing Stats
May 10, 2022

April | Market Update

Oʻahu Home Sales Dip, Condominium Sales See Modest Increase
Single-family home and condo prices drop slightly from last month to $1,105,000 and $510,000

Year-over-year sales changed modestly from April 2021, with single-family home sales falling 2.7% and condo sales rising 4.2%. Single-family homes and condos ...

View More
Posted in Housing Stats
April 13, 2022

March | Market Update

Single-Family Homes, Condos on O‘ahu Mark Record Median Sales Prices

Luxury sales pull the single-family home price to $1,150,000, while condos rise to $515,500

The first quarter of 2022 closed with new record median sales prices for both single-family homes and condos at $1,150,000 and ...

View More
Posted in Housing Stats
March 9, 2022

February | Market Update

Condos Outperform Single-Family Home Sales Following Seasonal Lull

Sparse inventory, sustained demand drives new record 
single-family home median price at $1,125,00

The single-family home market continues to lag behind condos in sales, with single-family home sales falling 7.3% compared to last February, while condo sales were up ...

View More
Posted in Housing Stats