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. 

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%.

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

Data source: HBR Monthly Housing Statistics