Honolulu Board of Realtors March 2016 Local Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors March 2016 Housing Statistics

The below information and linked report are produced by the Honolulu Board of Realtors using the HiCentral MLS data management system. Our brokerage’s website provides you with the same property sales information that is available on HiCentral.com, referenced in the below announcement. EXIT Real Estate Associates is a brokerage member of the Honolulu Board of Realtors and is granted access to the same MLS database but unlike HiCentral.com, we offer online tools to assist you with your search, we have a fast-loading mobile app for all smartphone users, and we are qualified by the State of Hawaii to provide advise and guidance on any of the listings you view from www.ExitRealtyHonolulu.com or HiCentral.com. We look forward to be of service to you.

HBR March 2016 Housing Stats

Honolulu Board of Realtors December 2014 Monthly Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors December 2014 Monthly Housing Statistics

Honolulu Board of Realtors December 2014 Monthly Housing Statistics

Honolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicts monthly data from December 2013 through December 2014.

For Single Family Homes, the median sales price (+0.7%), the average sales price (+6.1%), and closed sales (+0.4%) are both up from last December with little change to the number of days houses  are spending on the market (23 days). Considering that sellers are receiving 96 percent of the list price, house listing prices are representative of fair market value. With a decreasing number of active listings (-2.3%), the local market may be poised for additional price increases.

For Condominiums, the average sales prices (+9.4%) and median sales price (+9.5%) are both up from last December with no change in the number of closed sales. Condominiums are spending less time on the market (22 days) with the median days on market down (-18.5%) while months of inventory (3.0 months) and number of active listings (1,627 listings) are slightly up from December 2013. But the number of new condominium listings is down 7.2 percent and sellers are still receiving their list price.

For more information on this report, to find out what’s happening in the market today, or a more long-term perspective talk with a local Realtor.

Honolulu Board of Realtors August 2014 Local Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors August 2014 Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors August 2014 Housing Statistics

Honolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicts monthly data from August 2013 through August 2014.

For Single Family Homes, the median sales price (-2.3%), the average sales price (-4.7%), and closed sales (-11.7%) are down but houses are spending less time on the market (15 days). Considering that sellers are receiving nearly 99 percent of the list price, house listing prices are not undervalued or overinflated.  While inventory is being absorbed by pending sales (10.8%) for now the number of active listings (1,263 listings) is up from August 2013.

For Condominiums, the average sales prices (-6.4%) and number of closed sales (-3.5%) are down and the median sales price remains unchanged. Condominiums are spending more time on the market (23 days) with the median days on market (21.1%), months of inventory (3.3 months), and number of active listings (1,815 listings) all increased from August 2013. But the number of new condominium listings is down nearly 11 percent and sellers are receiving their list price and sometimes more than their list price.

For more information on this report, to find out what’s happening in the market today, or a more long-term perspective talk with a local Realtor.

Hawaii Shows Consistent Quarterly Median Sales Price Growth

Median Sales Price Growth of Existing Single Family Homes for Metropolitan Areas (2013Q2 to 2014Q2)
Hawaii Shows Consistent Quarterly Median Sales Price Growth
The Federal Housing Finance Agency (FHFA) releases quarterly state and metro area data including data for Hawaii and Honolulu. At the regional level the most robust home price gains from a year ago were still in the West. The National Association of Realtors reported price change of 6.4% and 6.5% from a year earlier in both June and July in the West.

According to FHFA year over year prices in June 2014 rose 9.4 percent in the Pacific division which includes Hawaii, Alaska, Washington, Oregon, and California which was above the national 5.2 percent price change. Despite the impressive gains regionally and modest gains nationally, Hawaii experienced a more conservative 2.79 percent price increase.

2014 Q2 $678.5K
2014 Q1 $672.3K
2013 Q4 $670.8K
2013 Q3 $679.8K
2013 Q2 $660.1K

Honolulu Board of Realtors April 2014 Housing Statistics

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Honolulu Board of Realtors April 2014 Housing StatisticsHonolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicting monthly data from April 2013 through April 2014. Data shows that the average sales price for single family homes dropped just above 5 percent with a correspnding decrease in the overall number of sales when compared to one year ago. Condominium sales continue to show improvement in median sales price, average sales price, while number of sales fell slightly as compared to one year ago. The median days on market of 21 days for condominiums and 23 days for single family homes remained relatively unchanged from one year ago. The local market continues to show signs of stability and while sales prices have waivered the percent of sold price still remains at nearly 100 percent of original list price.  suggesting the local market has remained consistent and stable during the past 12 months. For more information this report, to find out what’s happening in the market today, or a more long-term perspective talk with a local Realtor.

Honolulu Board of Realtors February 2014 Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors February 2014 Housing Statistics

MSR_Dec2013 Cover

Honolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicting monthly data from February 2013 through February 2014. Data shows a substantial 16.9 percent increase in the average sales price for single family homes with relatively small decrease in the overall number of sales when compared to one year ago. Condominium sales also showed improvement in median sales price, average sales price, and number of sales as compared to one year ago. The median days on market of 34 days for condominiums and 24 days for single family homes remained relatively unchanged from one year ago suggesting the local market has remained consistent and stable during the past 12 months.  For more information this report, to find out what’s happening in the market today, or a more long-term perspective talk with a local Realtor.

Honolulu Board of Realtors December 2013 Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors December 2013 Housing Statistics

 MSR_Dec2013 Cover

Honolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicting monthly data from December 2012 through December 2013. Data shows a substantial 14.2 percent increase in the median sales price for single family homes with only a small decrease in the overall number of sales when compared to one year ago. While condominium sales remained relatively flat with respect to median sales price and number of sales as compared to one year ago. With the average days on market of 22 days for condominiums and 27 days for single family homes you might say that this past holiday season was very merry to our local housing market.  Check out the report to get the latest details. For more information this report, to find out what’s happening in the market today, or a more long-term perspective talk with a local Realtor.

Honolulu Board of Realtors October 2013 Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors October 2013 Housing Statistics

Honolulu Board of Realtors October 2013 Housing Statistics

Honolulu Board of Realtors October 2013 Housing Statistics

Honolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicting monthly data from October 2012 through October 2013.  Data shows an increase in single family home sales and median sales price while corresponding condominium data is relatively unchanged with a slight decrease in sales and no change in median sales price. Inventory wise, our days on market have also remained relatively unchanged with listing supply increasing for both single family homes and condominiums.

Honolulu Board of Realtors June 2013 Housing Statistics

Click Here for the June 2013 Honolulu Board of Realtors Housing Statistics

Honolulu Board of Realtors June 2013 Housing StatisticsHonolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicting monthly data from June 2012 through June 2013. Long term data shows a strong downward trend on inventory, a significant increase to days on market, and more closed sales with owners receiving nearly asking sales price.

Honolulu Board of Realtors November 2012 Monthly Indicators for Oahu

Honolulu Board of Realtors November 2012 Monthly Indicators for Oahu

Honolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicting monthly data from November 2010 through November 2012. Both Single Family Homes and condominium median sales prices are up over 10 percent in November as are the respective closings while days on market continues to fall in concert with inventory which is indicative of a booming housing market.

January 2012 Oahu Housing Resale Statistics

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.

Honolulu Board of Realtors January Residential Resale Statistics Summary

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.

Honolulu Board of Realtors January 2012 Monthly Indicators for Oahu

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.

Honolulu Board of Realtors January 2012 Housing Supply Outlook

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.

Honolulu Board of Realtors January 2012 Local Market Updates

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.