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Oahu Real Estate Report

June 2018

Market Statistics

Prices Continue to Rise

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.

Oahu Sales Activity Dips in May

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.

Competitive Market Continues

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%
MARKET REPORTS

2018 Market Insights Report: View Our 2018 Oahu Real Estate Market Forecast.

View our 2018 Oahu Market Insights Report