08/02/2024
June 2024 Oahu Market Report
From Honolulu Board of Realtors:
June saw a modest increase in single-family home sales, up by 4% year-over-year, totaling 258 transactions. However, June condo sales experienced the largest year-over-year decline this year, dropping 24.5% from last year, with 355 units sold. In the first half of the year, single-family home sales grew 6.7% compared to the same period in 2023, while condo sales declined by 5.8%.
Median sales prices for single-family homes and condos increased modestly year-over-year, with single-family homes reaching $1,120,000 and condos ending June at $530,000, up by 6.7% and 3.9%, respectively. Year-to-date, median sales prices saw moderate changes from a year ago. The single-family home year-to-date median price rose by 3.3% to $1,085,000, while condos experienced a 2.0% uptick to $510,000 compared to the previous year.
Single-family homes moved swiftly, marked by a median of 15 days on the market, compared to 17 days in June 2023. In contrast, condos took longer to sell, with a median days on market of 26 days, up from 18 days last year.
Roy Romero
Realtor-Associate®, RS-82212
GRI, CIPS, RSPS, MRP
e-Pro®, SFR®, PSA, AHWD
c 808.371.8100
f 808.201.8100
Pacific Century Realty
1188 Bishop Street, Suite 2704
Honolulu, HI 96814
[email protected]
realestate.royromero.com
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