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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