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July 2016 to 2017 Oahu Home Resale Update

july 2016 - 2017 oahu real estate sales

In July 2017, the number of single-family houses and condominiums sold increased by four percent and seven percent respectively compared to July 2016. The median price for condominiums was $425,000, a 6.3 percent increase from the same period last year, breaking the previous condo sales price record of $415,500 set in April of this year. The median price for single-family houses increased by 0.5 percent to $750,000. The Days on Market for single-family houses saw a spike this July with sales closing at an average of 20 days, a 25 percent increase from 16 days in July 2016. Sales of condos closed at 14 days on the market, a 22.2 percent decrease from 18 days on market during the same period last year. – Honolulu Board of Realtors