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Hawaii Statewide Real Estate Report

August 2022

Market Statistics

Prices Continue to Rise in August

Hawaii State Median Sale Price movement is up in August 2022, with the home price up 6% to $949,000 and the condo price up 1% to $530,000 from last year.

Home and Condo Sales Down in August

Hawaii State sales activity is down in August 2022, with home sales down -26% and condo sales down -29% from last year.

The Hawaii Market is Getting Increasingly Competitive

Across the state, competitive market conditions eased; days on market increased and the percent of homes and condos bid-up over asking price decreased.

SINGLE FAMILY HOMES This Month AUGUST 2022 Last Month JULY 2022 Last Year AUGUST 2021
Median Sale Price $949,000 $950,000 $895,000
Average Sale Price $1,255,353 $1,216,555 $1,196,961
Homes Sold 656 611 887
Median Days on Market 20 17 13
Bid Ups 33% 40% 48%
CONDOMINIUMS This Month AUGUST 2022 Last Month JULY 2022 Last Year AUGUST 2021
Median Sale Price $530,000 $540,000 $525,000
Average Sale Price $688,359 $701,804 $699,462
Condos Sold 719 711 1,017
Median Days on Market 17 15 19
Bid Ups 32% 36% 36%

MARKET REPORTS

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