Monday, April 6, 2015

HBR Residential Resale Statistics for March 2015 Reports Rise in Median Sales Prices

The Honolulu Board of REALTORS® released the MLS residential resale statistics for March 2015. Single-family home sales and condominium sales have seen a rise in median sales price when compared to 2014. 
HBR Residential Resale Statistics for March 2015 Reports Rise in Median Sales Prices
median days on market for SFH sales has increased by 23.5%. The condo market has dropped by 16% compared to 2014
The median days on market for SFH sales has increased by 23.5%. The condo market has dropped by 16% compared to 2014.  There was 2.7 months of remaining inventory in the SFH market and 3.4 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 97.5% of their list price and condominiums received 100%.

244 SFH sales and 403 condo sales
There were 244 SFH sales and 403 condo sales in March while 415 SFH listings and 703 condominium listings entered the market.