August 2011
The Honolulu Board of REALTORS® released the following resale figures for the month of August 2011.
| Single Family |
YTD 2010 |
YTD 2011 |
+ / - |
| Closed Sales |
1,979 |
1,910 |
-3.5% |
| Median Sales Price |
$595,000 |
$570,000 |
-4.2% |
| Months Supply of Inventory* |
7.0 |
6.2 |
-11.2% |
| Condominium |
YTD 2010 |
YTD 2011 |
+ / - |
| Closed Sales |
2,683 |
2,661 |
-0.8% |
| Median Sales Price |
$304,900 |
$300,000 |
-1.6% |
| Months Supply of Inventory* |
6.5 |
5.8 |
-11.2% |
*The Months Supply of Inventory is a month vs. month comparison - this month vs. the same period last year. An inventory of 6 months indicates a balanced market. Less than six months indicates a Seller's market, while more than 6 months trends towards a Buyer's market.
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Click HERE for the complete market report
In the news...
What Can You Get For $1 Million - Honolulu Magazine
Own A Piece of the Kahaluu Mountainside - Honolulu Magazine
Value in Waikiki, Canal House - Honolulu Magazine
Mortgage Rates at Record Lows
"Buy American" Not So Simple With Housing
Honolulu's Unemployment Rate Drops to 5.4%
China Flights Could Boost Tourism to Hawaii
Hilton Launches Welcome Program for Chinese Travelers
Seven Out of Ten Renters Say Owning a Home is a Top Priority
10% of First Time Buyers Purchased Home with Cash
Honolulu Realtor Board Contractor to Change Condo Counts