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Statewide Quarterly Real Estate Report

Q2 2019

Market Statistics

Price Activity Mixed

Price activity was mixed in Q2 2019, with the Hawaii State median home price flat (down -0.7%) at $685,000 and the median condo price up 2.3% to $440,000.

Home Sales Up and Condo Sales Down

Sales activity was mixed in Q2 2019 statewide, with home sales up 1.5% and condo sales down -9.5% from sales in Q2 last year.

Competition Increases Slightly for Homes and Condos

Statewide, about 1 in every 6 homes and 1 in every 8 condos sold was bid-up over asking price in Q2 2019. The majority of this bid-up activity is on the island of Oahu.

SINGLE FAMILY HOMES This Quarter 2019 Q2 Last QUARTEr 2019 Q1 Last YEAr 2018 Q2
Median Sale Price $685,000 $630,000 $690,000
Average Sale Price $802,134 $772,302 $868,248
Homes Sold 2,108 2,216 2,076
Median Days on Market 43 43 32
Bid Ups 15% 13% 20%
CONDOMINIUMS This Quarter 2019 Q2 Last QUARTEr 2019 Q1 Last YEAr 2018 Q2
Median Sale Price $440,000 $427,000 $430,000
Average Sale Price $571,273 $568,249 $580,328
Condos Sold 2,273 2,091 2,511
Median Days on Market 41 38 32
Bid Ups 13% 10% 17%

MARKET REPORTS

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View our 2019 Oahu Real Estate Market Report