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Statewide Quarterly Real Estate Report

Q1 2019

Market Statistics

Price Activity Easing, with Oahu Slowing

Price activity eased for condos in Q1 2019, with the Hawaii State median condo price flat (-0.1%) at $430,000. The median home price moved up 3.2% to $686,000.

Condo and Home Sales Down

Sales activity was down in Q1 2019 statewide, with home sales down -12% and condo sales down -8% from sales in Q1 last year.

Competition Decreases Slightly for Homes and Condos

Statewide, about 1 in every 7 homes and 1 in every 10 condos sold was bid-up over asking price in Q1 2019. The majority of this bid-up activity is on the island of Oahu.

SINGLE FAMILY HOMES This Quarter 2019 Q1 Last QUARTEr 2018 Q4 Last YEAr 2018 Q1
Median Sale Price $686,000 $690,777 $665,000
Average Sale Price $833,420 $872,165 $933,030
Homes Sold 1,597 1,801 1,820
Median Days on Market 43 42 38
Bid Ups 13% 16% 20%
CONDOMINIUMS This Quarter 2019 Q1 Last QUARTEr 2018 Q4 Last YEAr 2018 Q1
Median Sale Price $430,000 $418,000 $430,250
Average Sale Price $561,845 $542,562 $550,769
Condos Sold 1,810 2,017 1,974
Median Days on Market 40 34 37
Bid Ups 10% 12% 15%

MARKET REPORTS

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View our 2019 Oahu Real Estate Market Report