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

The Honolulu Board of REALTORS® released the MLS residential resale statistics for May 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 decreased by 15%. The condo market has increased by 9.5% compared to 2014.  There was 3.1 months of remaining inventory in the SFH market and 3.4 months remaining inventory for condominiums. 

SFH priced in the $350,001-$475,000 range had the least days on market at 17. Condos priced in the $375,001-$475,000 ranges has the least days on market, at 19. 

SFH sales received an average of 97.5% of their list price and condominiums received 98.1%.

There were 309 SFH sales and 450 condo sales in May while 417 SFH listings and 610 condominium listings entered the market. 

Data source: HBR Monthly Housing Statistics