HBR Residential Resale Statistics for February 2015 Reports Decline in Median Sales Price

The Honolulu Board of REALTORS® released the MLS residential resale statistics for February 2015. Single-family home sales and condominium sales have seen a decline in median sales price when compared to 2014.

SFH down 4.6% and Condos down 9.3%

The median days on market for SFH sales has increased by 4.2%. The condo market has dropped by 14.7% compared to 2014.  There was 2.7 months of remaining inventory in the SFH market and 3.2 months remaining inventory for condominiums. 

SFH priced in the $475,001-$550,000 range has the least days on market at 19. Condos priced in the $375,001-$475,000 ranges has the least days on market, also at 19. 

SFH sales received an average of 98.2% of their list price and condominiums received 97%. 

There were 201 SFH sales and 290 condo sales in February while 382 SFH listings and 594 condominium listings entered the market. 

Data source: HBR Monthly Housing Statistics