Oahu Median Price Hits Record High

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Today, Honolulu Board of Realtors put out the stats for the month of June. Here are some key points:

1. $760,000 Median Single-Family Home Price up 8.6% change from a year ago in 2015

2. $405,500 Median Condo Price up 19.8% from a year ago in 2015

3. Single-Family Homes Sales: 324 Closed Sales in June

4. Condo Sales up 10% over June of 2015, Closed Sales at 548

5. Days on Market Single-Family: 14 Days

6. Days on Market Condos: 20 Days

Wow! Those are some great stats! Rates are at a record low - that will still drive the price up in Oahu Real Estate Market and also having inventory very low, it is still a great time to sell, which is driving muliplte offers and prices - but having rates so low is giving buyers more purchasing power, which is great for buyers.

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Aloha for now! See you next time! MM

Live the dream...Get your Hawaii Life now.#MMSellsHawaii