HBR Residential Resale Statistics for June 2015 Shows Increase in Closed Sales

The Honolulu Board of REALTORS® released the MLS residential resale statistics for June 2015. Single-family home sales median sales price of $700,000, unchanged from 2014. Condominium median sales price has decreased by 6% to $338,500. 

The median days on market for SFH sales is a day lower, at 18 days. The condo market has decreased by 3 days, to 22 days on market, compared to 2014. There was 3.2 months of remaining inventory in the SFH market and 3.5 months remaining inventory for condominiums, a slight increase. 

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 97.7% of their list price and condominiums received 98.4%.

There were 324 SFH sales and 500 condo sales in June while 548 SFH listings and 606 condominium listings entered the market. 

Data source: HBR Monthly Housing Statistics