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Statewide Quarterly Real Estate Report

Q2 2020

Market Statistics

Price Movement Mixed in Q2

Hawaii State Median Sale Price movement is mixed in 2020 Q2, with the home price up 5% to $715,000 and the condo price down -1% to $436,000 from last year.

Home and Condo Sales Drop in Q2

Hawaii State sales activity is down in 2020 Q2, with home sales down -26% and condo sales down -43% from last year.

Closed Sales Starting to Show Coronavirus Impact

Hawaii quarterly real estate sales through 2020 Q2 are starting to show the effects of the coronavirus pandemic and economic shutdown. However, May appears to be the worst month; June sales are already 20% higher than May.

SINGLE FAMILY HOMES This Quarter 2020 Q2 Last QUARTEr 2020 Q1 Last YEAr 2019 Q2
Median Sale Price $715,000 $710,000 $683,500
Average Sale Price $872,172 $866,203 $801,386
Homes Sold 1,568 1,864 2,121
Median Days on Market 33 46 43
Bid Ups 17% 16% 15%
CONDOMINIUMS This Quarter 2020 Q2 Last QUARTEr 2020 Q1 Last YEAr 2019 Q2
Median Sale Price $436,000 $455,000 $440,000
Average Sale Price $557,353 $586,035 $570,919
Condos Sold 1,304 1,824 2,283
Median Days on Market 42 45 41
Bid Ups 10% 10% 13%

MARKET REPORTS

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View our 2019 Oahu Real Estate Market Report