Oahu Housing Median Prices Hold Steady in February

Dated: 03/12/2019

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Oahu’s sales prices for single-family homes and condominiums experienced small increases in February according to resales figures released today by the Honolulu Board of REALTORS®. The analysis conducted by the Board using data collected from its computerized Multiple Listing Service (MLS) system show the following statistics:

Single-Family Home Resales

Number of SalesMedian Sales Price
February 2019208  -4.1%$789,000  2.1%
February 2018217$772,500

Condominium Resales

Number of SalesMedian Sales Price
February 2019321  -16.6%$415,000  1.5%
February 2018385$409,000

During February 2019, the median price paid for single-family homes increased by 2.1 percent from the same month last year to $789,000. The median price paid for condos also increased to $415,000, up by 1.5 percent. The sales of single-family homes declined by 4.1 percent, while condominiums sales decreased by 16.6 percent from February 2018. Active listings of single-family homes increased by 41.6 percent, while condominiums increased by 30.9 percent over last February. According to the Days on Market indicator, the median days for both single-family homes and condominiums was 25 days.

“We continued to see slower sales in Oahu’s housing market in February, but at higher prices with modest increases for both single-family homes and condominiums,” said Jenny L. Brady president of the Honolulu Board of REALTORS®. “We’re also seeing double digit increases in active listings. Steady sales volume, moderate price increases, and more inventory across all price ranges are all positive indications of a healthy real estate market.”

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