Oahu Residential Real Estate Sales Activity for October 2013

Below is the Oahu real estate sales activity for the month of October 2013 compared to the previous month and the same month last year. This covers resale homes for Honolulu County (Oahu).

Single Family Homes sales volume appear to be cooling off slightly after the seasonal summer surge. Low inventory levels are continuing to put pressure on the market. We are still seeing pricing climbing in many areas. The lower price ranges are still highly competitive.

Condos and townhouses sales volume has been consistent, but we are seeing a slowing of the higher priced units. We are still seeing the lower price ranges staying quite competive for buyers trying to enter the market.

Single Family Home Resales

Month # Sales Median Price Average Price
Oct. 2013 290 $640,000 $772,860
Sep 2013 307 $675,000 $828,000
Oct 2012 282 $625,000 $813,421

Condos/ Townhouse Resales

Month # Sales Median Price Average Price
Oct. 2013 419 $325,000 $355,635
Sep 2013 420 $348,000 $397,798
Oct 2012 425 $325,000 $403,538

 

*Median price means half the prices were above and half below the given price.
Data was taken from the Honolulu Board of REALTORS® MLS system. It is deemed to be accurate, but not guaranteed.

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