Monday, February 8, 2016

HBR Residential Resale Statistics for January 2016 - SFH Median Price at $733,500

The Honolulu Board of REALTORS® released the MLS residential resale statistics for January 2016. Single-family home sales median sales price sets a new record high at $733,500, an 8.7% increase from 2015. Condominium median sales price has decreased by 1.8% to $374,500. 
Hawaii Residential Real Estate Statistics

Hawaii Residential Real Estate Statistics
The median days on market for SFH and condo sales was 20, down by over 20% compared to 2015. 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 17. Condos priced in the $375,001-$475,000 ranges has the least days on market, at 17. SFH sales received an average of 98.2% of their list price and condominiums received 98.6%.

Hawaii Residential Real Estate Statistics
There were 232 SFH sales and 338 condo sales in January while 420 SFH listings and 437 condominium listings entered the market. 

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