The Honolulu Board of REALTORS® released resale figures for the month of January. Using data collected from its computerized Multiple Listing Service system, a significant increase in sales from December 2011 into January 2012, a dwindling inventory, and relatively stable prices suggest Oahu’s real estate market is showing signs of recovery. Single Family Home sales are still below January 2011 so there is room for more improvement.
The January 2012 Monthly Indicators Report for Oahu, Hawaii, real estate contains monthly and year-to-date graphs on sales, prices, listings, inventory, affordability, and more. When comparing information be aware that the historic timelines are not consistent for each housing indicator.
The January 2012 Housing Supply Outlook for Oahu, Hawaii, real estate provides property type and price range analysis from the past twelve months of single family homes, new construction, leasehold condominiums, and fee simple condominiums data.
The January 2012 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date graphs on closed sales, sales prices, listings, pending sales, days on market, percent of list price received at sale, affordability, and inventory, organized by neighborhood.
It is important to note that a real estate transaction typically takes 1 to 3 months to record; short sales transactions can take upwards of 3 months to record. As such, the monthly report does not cover a sufficient enough timeline to identify trends. Contact a Realtor if you would like help interpreting the data.