June Oahu Report
May Oahu Report
February Oahu Report
Demand continued to cool in July, likely due in part to the rise in interest rates,” said President of the Honolulu Board of REALTORS®. “However, properties are still moving into contract quickly with median days on the market at 11 days for single-family homes and 12 days for condos last month, despite the decline in sales.”
(source: Honolulu Board of REALTORS®)
Pending sales were down year-over-year 31.4% for single-family homes and 26.4% for condos. Fewer new listings were added to the market compared to a year ago, with 386 single-family home listings, a 17.7% year-over-year decline, and 616 condo listings, down 7.2% from last July. However, the active inventory of single-family homes was 38.8% more than last year, and the active inventory of condos was up 8.4%.
(source: Honolulu Board of REALTORS®)
Dianne Ho Bosworth
DianneB@BetterHawaii.com
808.371.0516