Many leading indicators last month from the Honolulu Board of Realtors statistics show our market on Oahu has been heating up for the summer.
Selling More: Single family home sales were up 31.5% in May and condo sales were up 35.5% compared to 2009.
Selling Faster: Homes only took 27 days on the market to sell, while condos took 28 days on the market. This is a big difference from 47 and 52 days, respectively, in 2009.
Higher Prices: The median sales price for homes was up 11.8% to $606,000 and condo prices were up 4.2% to $312,500.
More Oahu Homes Selling in Less Time in June « Hawaii Real Estate Market
July 22, 2010
[…] month I wrote about how more homes were selling faster at higher prices in May of 2010. June continued the trend of increased volume and less days on market, however prices were […]
More Oahu Homes Selling in Less Time in June « Hawaii Real Estate Market
July 22, 2010
[…] month I wrote about how more homes were selling faster at higher prices in May of 2010. June continued the trend of increased volume and less days on market, however prices were […]
green
June 25, 2011
great insight indeed!
green
June 25, 2011
great insight indeed!
David Buck, R, BIC
June 27, 2011
@green- thanks for the comment. Since this article was last year, our real estate market is dynamic and always changing. Feel free to check back for the latest up to date information.
David Buck, R, BIC
June 27, 2011
@green- thanks for the comment. Since this article was last year, our real estate market is dynamic and always changing. Feel free to check back for the latest up to date information.