Friday, May 8, 2015

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

The Honolulu Board of REALTORS® released the MLS residential resale statistics for April 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 April 2015 Reports Rise in Median Sales Prices
HBR Residential Resale Statistics for April 2015 Reports Rise in Median Sales Prices

The median days on market for SFH sales has increased by 4.8%. The condo market has dropped by 9.5% compared to 2014.  There was 3.1 months of remaining inventory in the SFH market and 3.5 months remaining inventory for condominiums. 

SFH priced in the $350,001-$550,000 range had 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 97.6% of their list price and condominiums received 98.2%.

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

There were 301 SFH sales and 454 condo sales in April while 424 SFH listings and 639 condominium listings entered the market.