Sales of O‘ahu Homes, Condos Fall Nearly a Quarter in July
By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Sales of O‘ahu Homes, Condos Fall Nearly a Quarter in July Properties continue to move into contract quickly despite cooling demand HONOLULU – According to resales figures released this week by the Honolulu Board of REALTORS®, closed sales in both single-family home and condominium markets declined by 22.8% year-over-year. Sales also slipped from a month ago, down 12.6% for single-family homes and 17.3% for condos.Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics: Single-Family Home Resales Number of Sales Median Sales Price July 2022 312 -22.8% $1,107,944 +11.6% July 2021 404 $992,500 Condominium Resales Number of Sales Median Sales Price July 2022 518 -22.8% $500,000 +5.3% July 2021 671 $475,000 “D...
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