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Competition Continues To Set Records
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Competition Continues To Set Records
September 2018
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Prices rose again for Oahu homes and condos in September 2018, with the median home price up 7% to $813,000 and the median condo price up 1.2% to $430,000 from September of last year.
Oahu Sales activity slowed in September 2018, with home sales down -17% and condo sales down -3.6% from September last year.
Oahu's competitive market is easing slightly, with days on market increasing 1-2 days and bid-ups (sales bid-up over asking price) decreasing. Still a very competitive market.
| SINGLE FAMILY HOMES | This Month SEPTEMBER 2018 | Last Month AUGUST 2018 | Last Year SEPTEMBER 2017 |
|---|---|---|---|
| Median Sale Price | $813,000 | $812,500 | $760,000 |
| Average Sale Price | $1,056,633 | $1,007,412 | $948,413 |
| Homes Sold | 318 | 368 | 383 |
| Median Days on Market | 18 | 17 | 16 |
| Bid Ups | 24% | 28% | 31% |
| CONDOMINIUMS | This Month SEPTEMBER 2018 | Last Month AUGUST 2018 | Last Year SEPTEMBER 2017 |
|---|---|---|---|
| Median Sale Price | $430,000 | $428,250 | $425,000 |
| Average Sale Price | $516,161 | $511,343 | $517,368 |
| Condos Sold | 515 | 534 | 534 |
| Median Days on Market | 21 | 20 | 20 |
| Bid Ups | 18% | 18% | 26% |
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