The Honolulu Board of REALTORS® released the MLS residential resale statistics for December 2015. Single-family home sales median sales price of $700,000, a 4.6% increase from 2014. Condominium median sales price has decreased by 8.7% to $386,250.
The median days on market for SFH sales was a day lower, at 20 days. The condo market was slightly higher, at 24 days on market, compared to 2014. There was 2.6 months of remaining inventory in the SFH market and 2.9 months remaining inventory for condominiums.
SFH priced in the $475,001-$650,000 range had the least days on market at 18. Condos priced in the $375,001-$475,000 ranges has the least days on market, at 18.
SFH sales received an average of 98.6% of their list price and condominiums received 99.1%.
There were 297 SFH sales and 424 condo sales in June while 255 SFH listings and 437 condominium listings entered the market.
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