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Hawaii State Median Sale Price movement is up in 2020 Q1, with the home price up 4% to $710,000 and the condo price up 6% to $455,000 from last year.
Hawaii State sales activity is up in 2020 Q1, with home sales up 16% and condo sales up 0% from last year.
Hawaii real estate sales through March 2020 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. Neighbor islands will feel more negative effect than Oahu.
|SINGLE FAMILY HOMES||This Quarter 2020 Q1||Last QUARTEr 2019 Q4||Last YEAr 2019 Q1|
|Median Sale Price||$710,000||$700,000||$685,000|
|Average Sale Price||$866,949||$889,169||$831,505|
|Median Days on Market||46||39||43|
|CONDOMINIUMS||This Quarter 2020 Q1||Last QUARTEr 2019 Q4||Last YEAr 2019 Q1|
|Median Sale Price||$455,000||$450,000||$430,000|
|Average Sale Price||$586,483||$562,920||$561,579|
|Median Days on Market||45||41||40|
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