Hawaii Real Estate Market Update -
April through May, 2019
Text: CENTURY 21 Hawaiian Style / Data Source: Title Guaranty, Hawaii
The new statistics are in! For Single-family homes on the island of O'ahu, sales are up by 5.1% since April. Condominiums on the island of O'ahu also saw an increase, bringing the average up to 5.1% from the 11.1% decrease previously reported in April.
Sales prices for Single-family homes on the island of O'ahu also saw a slight uptick, with the average home selling for $770,000, up from the median selling price of $766,750 in April. Condominium sales on the island of O'ahu saw an unexpected downturn, bringing the average down 2.9% from April's reported median selling price of $418,000. The current median selling price as of May 2019 is approximately $417,500.
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Patrick (R, GRI) & Takako McMillen (R)