Market Updates

Oahu real estate market update! What is the Oahu real estate market doing right now?

Neighborhood Insights

The Kiriu Sasaki Team pulls and analyzes data from major neighborhoods across Oahu that encompass active and sold properties. We update this information quarterly to ensure that Team Kiriu is your neighborhood expert. If you’d like a more detailed analysis of your property, call 808-721-2032!

 

2024 Q3

2024 Q1

2023 Q3

2024 Q2

2023 Q4

2023 Q2

March 2023

Neighborhood Insights

August 2022

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NOVEMBER 2021

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APRIL 2021

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July 2020

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JanUARY 2020

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DECEMBER 2022

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JUNE 2022

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AUGUST 2021

Neighborhoods Insights

JANUARY 2021

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April 2020

Neighborhood Insights

 

Oahu Real Estate Market Report

Learn all about Oahu's real estate market, including trends in median sales price, number of closed sales, days on market until sale, housing supply, and more!

 

SEP 2024

O‘ahu Home and Condo Sales Slip in September

Single-family home sales rose 20.1%, while condo sales declined 7.8% year-over-year

 

In September, the O‘ahu housing market experienced a slight dip in year-over-year sales for both single-family homes and condos. Single-family home sales declined 6.5% compared to September 2023, dropping from 232 to 217 sales, while condo sales experienced a modest 2.7% decrease, with 366 sales compared to 376 a year ago. Year-to-date, single-family home sales are up 5.8%, while condo sales are down 5.6% from last year.

 

Our September Monthly Statistics Report shows:

  • The single-family home median sales price rose 6% year-over-year to $1,112,722, while the condo median price fell 2.8% to $517,500.

 

  • Mortgage rates showed a gradual decline throughout the third quarter. Although September ended with the average 30-year fixed rate hovering above 6%, this was over a full percentage point lower than a year ago.

 

  • Single-family homes maintained a median days on market under one month at 19 days compared to 20 days in September 2023, while condos recorded a median of 31 days, up from 21 days a year ago.

 

  • Active listings rose year over year in both markets--27.5% year-over-year for single-family homes with 755 listings, while condo listings skyrocketed by 58% with 1,887.

 

  • September added 351 new listings for single-family homes and 631 for condos, up 24.9% and 22.3%, respectively, compared to last year.

 

"While overall sales volume in both markets softened in September, we did see positive movement in new listings and active inventory, providing more options for prospective buyers," said Fran Gendrano, President of the Honolulu Board of REALTORS®. "Paired with the gradual decline in mortgage rates, buyers may feel encouraged to enter the housing market in the coming months."

View Full Report Here:

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Source: Honolulu Board of Realtors

 

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