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Competition Continues To Set Records
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Competition Continues To Set Records
July 2018
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Prices rose again for Oahu homes and condos in July 2018, with the median home price up 6.7% to $799,000 and the median condo price up 4.8% to $428,000 from July of last year.
Oahu Sales activity showed mixed results in July 2018, with home sales down -5% and condo sales up 1.2% from July last year.
Oahu's market is very competitive, with low days on market and high bid-ups (sales bid-up over asking price).
| SINGLE FAMILY HOMES | This Month JULY 2018 | Last Month JUNE 2018 | Last Year JULY 2017 |
|---|---|---|---|
| Median Sale Price | $799,000 | $785,000 | $749,000 |
| Average Sale Price | $946,000 | $916,000 | $884,000 |
| Homes Sold | 325 | 368 | 342 |
| Median Days on Market | 14 | 17 | 21 |
| Bid Ups | 30% | 27% | 30% |
| CONDOMINIUMS | This Month JULY 2018 | Last Month JUNE 2018 | Last Year JULY 2017 |
|---|---|---|---|
| Median Sale Price | $428,000 | $430,000 | $425,000 |
| Average Sale Price | $510,000 | $515,000 | $479,000 |
| Condos Sold | 492 | 552 | 486 |
| Median Days on Market | 20 | 19 | 16 |
| Bid Ups | 17% | 20% | 25% |
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