Sales Volume of O‘ahu Homes Picks Up Month-to-Month, Still Down Compared to 2022
Properties in both markets spend longer on the market, approximately three weeks
The sales volume of O‘ahu homes improved month-over-month, rising 26.0% for single-family homes and 4.3% for condos in May. However, closed sales …
View MoreO‘ahu Home Sales Slow in April While Days on Market Improves from Last Month
Single-family home and condo sales volume, median prices, new listings dip compared to 2022
April single-family home and condo sales on O‘ahu slipped 43.0% and 37.5%, respectively, year-over-year, but only 11.9% and 5.4% since last …
Median Sales Price for O‘ahu Condos Reaches Record High
Single-family home and condo sales pick up in March after a seasonal slump
O‘ahu’s housing market experienced a boost in activity from February to March, with sales rising approximately 36% month-over-month in both single-family home and condo markets. Although year-over-year …
New Year Sees Home Sales Fall by Half, Median Sales Prices Dip Modestly
Single-family home median sales price falls below $1 million
The new year began with closed sales of O‘ahu properties falling significantly year-over-year, with single-family homes dropping 54.0% and condos declining 50.2%. After 17 consecutive months …
View MoreI 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 was worth sharing. Although …
View MoreO‘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 MorePrice 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 9.5% to $1,149,500, …
View MoreSales 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 MoreSales 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 …
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 up …
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