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Competition Continues To Set Records
Q2 2021
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Hawaii State Median Sale Price movement is up in 2021 Q2, with the home price up 24% to $885,000 and the condo price up 14% to $500,000 from last year.
Hawaii State sales activity is up in 2021 Q2, with home sales up 70% and condo sales up 152% from last year.
Inventory for sale is dropping, Days on Market are dropping, and bid-ups (the percent of sales bid-up over asking price) are increasing, for both homes and condos.
| SINGLE FAMILY HOMES | This Quarter 2021 Q2 | Last QUARTEr 2021 Q1 | Last YEAr 2020 Q2 |
|---|---|---|---|
| Median Sale Price | $885,000 | $822,500 | $715,000 |
| Average Sale Price | $1,298,555 | $1,172,261 | $869,962 |
| Homes Sold | 2,678 | 2,241 | 1,575 |
| Median Days on Market | 13 | 15 | 33 |
| Bid Ups | 42% | 32% | 17% |
| CONDOMINIUMS | This Quarter 2021 Q2 | Last QUARTEr 2021 Q1 | Last YEAr 2020 Q2 |
|---|---|---|---|
| Median Sale Price | $500,000 | $495,000 | $437,000 |
| Average Sale Price | $669,242 | $657,496 | $556,831 |
| Condos Sold | 3,297 | 2,449 | 1,309 |
| Median Days on Market | 30 | 36 | 42 |
| Bid Ups | 29% | 21% | 10% |
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