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Competition Continues To Set Records
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Competition Continues To Set Records
June 2018
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Oahu single-family home median prices rose by 4% over May 2017 to $778,000. Condominium median prices rose by 7% over last year to $435,000.
Sales of both single-family homes and condos dipped by eight percent and nine percent, respectively, from last year; however, it should be noted that May 2017 was an unusually strong month for sales.
Days on Market for condos rose from 15 to 20 days, while bid-ups—one measure of competition—rose by one percent to 22.8 percent.
| SINGLE FAMILY HOMES | JUNE 2018 |
MAY 2018 |
JUNE 2017 |
|---|---|---|---|
| Median Sale Price | $780,000 | $778,000 | $792,000 |
| Average Sale Price | $913,000 | $1,085,000 | $915,000 |
| Homes Sold | 374 | 342 | 382 |
| Median Days on Market | 17 | 16 | 13 |
| Bid Ups | 26% | 29% | 31% |
| CONDOMINIUMS | JUNE 2018 |
MAY 2018 |
JUNE 2017 |
|---|---|---|---|
| Median Sale Price | $430,000 | $435,000 | $400,000 |
| Average Sale Price | $521,000 | $517,000 | $462,000 |
| Condos Sold | 552 | 501 | 545 |
| Median Days on Market | 19 | 20 | 14 |
| Bid Ups | 20% | 23% | 27% |
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