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Competition Continues To Set Records
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Competition Continues To Set Records
Q2 2019
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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.
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.
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% |
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