Tuesday, March 8, 2016

HBR Residential Real Estate Statistics for February 2016

Summary of Honolulu Board of Realtors Residential Real Estate Statistics for February 2016#RealtyRickSees
Posted by Rick Nakama, Realtor on Tuesday, March 8, 2016
The Honolulu Board of REALTORS® released the MLS residential resale statistics for February 2016. Single-family home sales median sales price is at $700,000, an 8.0% increase from 2015. Condominium median sales price has increased by 16.1% to $378,444.

The median days on market for SFH and condo sales was 23, down by 8% and 20.7%, respectively, compared to 2015. There was 2.7 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 15. Condos priced in the $375,001-$475,000 ranges has the least days on market, at 16. SFH sales received an average of 99.6% of their list price and condominiums received 97.8%.

There were 240 SFH sales and 324 condo sales in February while 414 SFH listings and 605 condominium listings entered the market. 
Data source: HBR Monthly Housing Statistics