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. 

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%.

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

Data source: HBR Monthly Housing Statistics