Home prices on Oahu decline in May as inventory rises, Honolulu Board of Realtors says – Pacific Business News

“While sales volume in June may have declined from last year, the Oahu housing market remains very active and competitive,” said Jenny Brady, President of the Honolulu Board of REALTORS®. “Even with the increases in inventory, we’re seeing the majority of.

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Home prices on Oahu decline in May as inventory rises, Honolulu Board of Realtors says – Pacific Business News There were 520 condominium units sold on Oahu in May, an increase of 5.1% from 495 units sold in May of last year, according to the Honolulu Board of Realtors.

Oahu home prices are continuing to take a beating. The resale price of a single-family home on Oahu fell nearly 8 percent last month, hitting the lowest level in more than five years, according to figures released today by the Honolulu Board of Realtors. The median resale price of a house dropped 7.9 percent from a year ago, to $317,750.

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Market is down. Days on the market have increased to 27 days giving buyers more inventory, choices and a less competitive marketplace. Median single family home prices have gone from $812,500 in October to 797,000 in November to $788,000 in December, and now $767,500 in January!!

HONOLULU (AP) – Oahu’s median price for a single-family home hit a record $812,500 last month, a Honolulu Board of Realtors report said. The price is a 6.9 percent increase from the median price in September 2017 and a slight bump from the previous record of $810,000 set in August, according to the report released Saturday.

The median sale price for a single-family home on Oahu has dropped more than 8 percent compared with this time last year, with certain neighborhoods seeing a decline of as much as 37 percent.

In Honolulu, on the southern coast of the island of Oahu, there’s a four-bedroom home priced at $785,000 that has views of the sun setting over the Pacific Ocean.

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January 2016 brings again housing price increases for Oahu. The median price for condominiums decreased by 1.8% percent from last year to $374,500. Sales of single-family homes increased by 10.5 percent, while condominium sales increased by 18.2% percent from January 2015. According to the Days on Market indicator,