Thursday, March 9, 2017

February 2017 Honolulu Real Estate Statistics - Inventory Down and Median Prices Increase

February 2017's real estate statistics from the Honolulu Board of Realtors shows the Median Price reaching "near record highs". The Median Price for Single Family Homes is up to $755,000, a 7.9% increase from last year. Condos reached $385,000, a 1.7% increase. 

The increase is likely due to the lack of inventory. Single Family Homes have 2.3 months of remaining inventory, an 8.7% decrease. Condos have 2.4 months of remaining inventory, a 17.2% decrease. 

The Days on Market of a Single Family Home is down 8.7% to 21. Condos are down 4.3% to 22. 

Contact me for more detailed real estate data or general information.