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Competition Continues To Set Records
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Competition Continues To Set Records
July 2019
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Median prices hit record highs in July 2019. The median home price rose 5.7% to $835,000 and the median condo price rose 7.1% to $460,000.
Oahu sales activity increased in July, with the number of home sales up 12% and condo sales up 2% from July last year.
The competitive Oahu real estate market continues to ease into 2019, compared to last year. However signs are pointing to the market heating up again in the summer; most noticeably, bid-ups have increased in the past couple months.
| SINGLE FAMILY HOMES | This Month JULY 2019 | Last Month JUNE 2019 | Last Year JULY 2018 |
|---|---|---|---|
| Median Sale Price | $835,000 | $799,000 | $790,000 |
| Average Sale Price | $1,016,025 | $952,580 | $975,141 |
| Homes Sold | 383 | 329 | 342 |
| Median Days on Market | 18 | 21 | 15 |
| Bid Ups | 20% | 18% | 30% |
| CONDOMINIUMS | This Month JULY 2019 | Last Month JULY 2019 | Last Year JULY 2018 |
|---|---|---|---|
| Median Sale Price | $460,000 | $431,250 | $429,500 |
| Average Sale Price | $528,066 | $514,886 | $509,174 |
| Condos Sold | 515 | 484 | 506 |
| Median Days on Market | 28 | 17 | 19 |
| Bid Ups | 13% | 15% | 17% |
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