December 2018 - sales of single family homes decreased by 28.3% and condominiums sales decreased by 4.6% from December 2017. The median price paid for single family homes in December 2018 increased by 5.1% from the same month last year to $788,000, while the median price for condos decreased by 1.6% to $398,500. According to the Days on Market indicator, the median days increased slightly for single family homes to 30 and 25 days for condominiums.
“Sales slowed and inventory of active listings increased in the final months of 2018, December home prices remained very stable,” said Darryl Macha, 2018 president of the Honolulu Board of REALTORS®. “We began to see a shift in the market during the last quarter of the year and as 2019 begins, it appears that trends point toward a more balanced market for buyers and sellers. With the increased inventory in both single family homes and condominiums, well qualified buyers may have more options to consider. Current mortgage rates are still relatively low and are anticipated to rise this year. Those ‘on the fence’ may want to consider purchasing sooner rather than later.”
Mike Bates is a Realtor Associate with CENTURY 21 iProperties Hawaii in Honolulu, Hawaii. Are you looking for a realtor that knows Hawaii? Mike's lived on Oahu for over 30 years. He's also lived on Maui, the Big Island and Molokai. Mike's primary market is Oahu properties.
We assist residents and newcomers alike in finding homes. We can help you decide what location and home fits your lifestyle and budget. Mike is ready to help with your home purchase and offers a $500 buyers rebate, guaranteed in writing. See our Hawaii Home Buyers page for more information.
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Hawaii Association of Realtors | Honolulu Board of Realtors | National Association of Realtors
Licensed in the State of Hawaii RS-54129
MLS is an abbreviation for "Multiple Listing Service." These are the services that provide listing information to realtors and their customers throughout the country. Each region has its own MLS system. In Hawaii, the largest MLS system is operated by the Honolulu Board of Realtors. Listings are primarily for the island of Oahu. The Oahu MLS also has listings for Maui, Kauai and the Big Island. As a member of the Honolulu Board of Realtors, Mike Bates is able to present the listings on this website for public access.
Participation in a multiple listing service (MLS) maybe voluntary or mandatory. In Hawaii, sellers may choose to list with the realtor of their choice and participate in the MLS (voluntary). If seller chooses not to participate, his or her listings will not appear on the internet.
Mandatory participation is required in some regions; that is, when a seller chooses to hire a realtor to sell his or her home, it will automatically be included in the MLS.
The National Association of Real Estate Exchanges was founded on May 12, 1908. Its purpose was to unite realtors of America for their combined influence upon matters affecting real estate. In 1916 the organization's name was changed to the National Association of Real Estate Boards and the term "realtor" was invented to identify real estate professionals. In 1972 the organization was renamed to the National Association of Realtors and that name has stuck for nearly 50 years.
Based on information from the Multiple Listing Service of the Honolulu Board of REALTORS®. active listings last updated on August 18th, 2018 at 7:10pm HST. Information is deemed reliable but not guaranteed. Copyright: 2018 by the Honolulu Board of REALTORS®.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
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