Local Market Update: Downtown and Nu'uanu Honolulu, February 2023
By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Local Market Update Downtown and Nu'uanu Honolulu, February 2023 Single Family Homes February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 2 / 9 -78% 8 / 19 -58% Median Sales Price $905,000 / $1.23M -26% $1.129M / $1.23M -8% Percent of Original List Price Received 100.2% / 102.5% -2% 95.9% / 102.5% -6% Median Days on Market Until Sale 50 / 8 525% 21 / 9 133% New Listings 4 / 4 0% 14 / 15 -7% Pending Sales 3 / 6 -50% 6 / 15 -60% Active Inventory 21 / 12 75% --- Condos February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 40 / 30 33% 57 / 78 -27% Median Sales Price $490,000 / $500,750 -2% $560,000 / $503,750 11% Percent of Original List Price Received 95.9% / 100.0% -4% 97.1% / 100.0% -3% Median Days on Market Unti...
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