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Competition Continues To Set Records
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Competition Continues To Set Records
March 2019
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Price activity was mixed in March 2019, with the median home price up 3.3% to $788,000 and the median condo price down -3.4% to $425,000 from March of last year.
Oahu condo sales activity slowed noticeably in March 2019, continuing a sales slowdown for the past year. Condo sales were -7.5% lower than March last year; home sales were down -8.7%.
The pace of sales is slowing around the island, with median days on market increasing to 25 and 24 days for homes and condos, respectively. Still a competitive market, however; properties are going into escrow in under 4 weeks.
| SINGLE FAMILY HOMES | This Month MARCH 2019 | Last Month FEBRUARY 2019 | Last Year MARCH 2018 |
|---|---|---|---|
| Median Sale Price | $788,000 | $790,000 | $762,500 |
| Average Sale Price | $914,325 | $1,000,840 | $992,501 |
| Homes Sold | 285 | 213 | 312 |
| Median Days on Market | 25 | 25 | 15 |
| Bid Ups | 17% | 17% | 31% |
| CONDOMINIUMS | This Month MARCH 2019 | Last Month FEBRUARY 2019 | Last Year MARCH 2018 |
|---|---|---|---|
| Median Sale Price | $425,000 | $420,000 | $440,000 |
| Average Sale Price | $511,855 | $503,423 | $512,085 |
| Condos Sold | 470 | 326 | 508 |
| Median Days on Market | 24 | 26 | 18 |
| Bid Ups | 10% | 10% | 20% |
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