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Oahu Real Estate Report

April 2020

Market Statistics

Oahu Prices Up in April, Despite Drop in Sales

Oahu Median Sale Price movement is up in April 2020, with the home price up 5% to $810,000 and the condo price up 8% to $450,000 from last year.

Oahu Sales Activity Drops in April

Oahu sales activity is down in April 2020, with home sales down -22% and condo sales down -29% from last year.

Market Steady Through April, Underlying Factors Strong

While the number of sales dropped significantly in April, Other market indicators are not yet showing effects of the coronavirus pandemic and economic shutdown. We believe that sales will be impacted 20-25%, prices 0-5%, and recovery will be swift, with the market rebounding within the year.

SINGLE FAMILY HOMES This Month APRIL 2020 Last Month MARCH 2020 Last Year APRIL 2019
Median Sale Price $810,000 $812,500 $769,250
Average Sale Price $948,042 $973,959 $875,411
Homes Sold 252 314 322
Median Days on Market 17 15 25
Bid Ups 22% 20% 24%
CONDOMINIUMS This Month APRIL 2020 Last Month MARCH 2020 Last Year APRIL 2019
Median Sale Price $450,000

$435,000 $418,000
Average Sale Price $521,428 $525,293 $514,004
Condos Sold 339 417 479
Median Days on Market 27 23 30
Bid Ups 11% 14% 13%

MARKET REPORTS

2019 Market Insights Report: View Our 2019 Oahu Real Estate Market Forecast.

View our 2019 Oahu Real Estate Market Forecast