Monday, June 8, 2015

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. 
Residential Resale Statistics for May 2015


Residential Resale Statistics for May 2015



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%.


Residential Resale Statistics for May 2015


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