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March 2016 to 2017 Oahu Home Resale Update

“During March 2017, the number of single-family houses sold increased by 4 percent. Condominium sales rose by 0.8 percent from March 2016. The median price paid for single-family houses increased by 3.7 percent to $752,000 from the same time period last year, while condos increased by 3.9 percent to $400,000. According to the Days on Market indicator, sales closed at a faster pace compared to a year ago with single-family houses on the market for 16 days, down from 18 days, and condominiums on the market for 15 days, down from 19.” -Honolulu Board of Realtors