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.
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.
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.
Supersonic days-on-the-market stats set a new record 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.
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.