The Honolulu Market shows no signs of slowing, with condos and single family homes spending only 2 weeks on the market before selling at almost 100% of the listing price. An average 2.25 month absorption rate for single family homes and condos indicates extremely high demand for the approximately 3,000 homes currently on the market, and both average and median sales prices have increased since this time last year: 7% and 1% respectively for single family homes, and 4% and 9% for Honolulu condos. Have a look below for the most recent market figures from the MLS.


Last month the average sales price of homes in Honolulu saw a 7% increase for single family homes and a 4.2% increase for condos than the same time last year. Avg Sales Price


Last month the median sales price of homes in Honolulu saw a 1.1% increase for single family homes and an 8.8% increase for condos than the same time last year. Median Sales Price


As of last month it would take 2.1 months to sell all single family homes and 2.6 months to sell all condos on the market in Honolulu. Months of Inventory


The median days on market for single family homes is 14 and 16 days for condos in Honolulu. Median Days on Market


 

Last month, 415 new single family homes came onto the market and 687 condos came onto the market in Honolulu. New Listings


As of last month, there were 1,119 single family homes on the market and 1,905 condos on the market in Honolulu. Active Listings


At the close of last month there were 469 pending sales for single family homes and 708 for Honolulu condos. Pending Sales


There were 305 closed single family home sales in Honolulu last month, and 485 condo closings. Closed Sales


Single family homes last month sold for 97.4% of asking price and condos sold for 98.9% of asking price. Original Listing Price Received

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