February 2018 Oahu Real Estate Market Update— Housing prices and sales for Oahu were mixed in February according to resales figures released today by the Honolulu Board of REALTORS®. The analysis conducted by the Board using data collected from its computerized Multiple Listing Service (MLS) system show the following statistics:
Single-Family Home Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| February 2018 | 217 -1.8% | $772,500 +2.3% |
| February 2017 | 221 | $755,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| February 2018 | 385 +6.4% | $409,000 +6.2% |
| February 2017 | 362 | $385,000 |
*Median price means half the prices were above and half below the given price. **Condominiums also includes town homes.
During February 2018, sales of single-family homes decreased slightly by 1.8 percent from February 2017, while condominium sales increased modestly by 6.4 percent. The median price paid for single family homes increased by 2.3 percent from the same month last year to $772,500. The median price for condominiums was $409,000, an increase of 6.2 percent. According to the Days on Market indicator, the median days for single-family homes was 19 and 23 days for condominiums.This February 2018 Oahu Real Estate Market Update information was provided by the Honolulu Board of Realtors.
