The Honolulu Board of Realtors released the residential real estate statistics for January 2017.
The Median Price for Single-Family Homes dropped 0.5% to $730,000 with an increase in volume to 247 units. The median days on market is up 5.0% to 21 days from 20 days last January.
The Median Price for Condos increased by 1.5% to $380,000 with an increase in volume to 378 units. The median days on market is up 30% to 26 days from 20 days last January.
The months of remaining inventory for both Single-Family Homes and Condos is at 2.4 months. That reflects a 7.7% decrease for Single-Family Homes and a 17.2% decrease for Condos.
Additional charts and market reports are available.
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