November 2018 - sales of 288 single family homes and 429 condominiums represent decreases of 13.3% and 14.4%, respectively, compared to November 2017. The median price paid for a single family home increased by 3% to $797,000 and the median price for a condominium increased by 3.7% to $420,000. According to the Days on Market indicator, the median days for single-family homes was 28 and 22 days for condominiums.
“Sales in Oahu’s residential housing market continue to normalize, with the welcomed increase in inventory in the traditionally slower last quarter of the year,” said Darryl Macha, president of the Honolulu Board of REALTORS®. “We’ve seen considerable inventory expansion this year with active listings of single family homes up by more than 28% and condominiums up by 14% compared to the same time last year. However, more than half of the inventory of single family homes was priced above $800,000 and nearly half of the condominium inventory was priced above $475,000, so more inventory in the lower price ranges is still needed. Though when you consider the overall conditions including more selection, continued low mortgage rates, and a stable economy, it’s a favorable time forbuyers to purchase a home.”
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.
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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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