Monday, May 7, 2012

Honolulu Board of Realtors Residential Resale Statistics for April, 2012

The Honolulu Board of Realtors released the residential resale statistics for April, 2012.

Volume is slightly lower than 2011 with 217 Single Family Home sales and 343 Condominium/Townhouse sales on record. While volume was lower, there was a noticeable increase in median sales price in both markets. $600,000 is the median for Single Family Homes and $319,000 is the median for Condominium/Townhouse sales.
 April 2012 [Link to PDF] 


The average days on market has also dropped slightly. Single Family Homes averaged 30 days on market while Condominium/Townhouses averaged 33 days on market. This could be due to the reduced inventory in the market place. There was 3.7 months of remaining inventory in the Single Family market and 4.5 months of remaining inventory in the Condominium/Townhouse market. That is at least 2 months less than the amount of inventory that was remaining in April of last year. Personally, I've seen a lot of buyer activity in the market. Good listings are going into contract within days of coming on the market. What does this increased activity mean to you?
Inventory is down to 3.7 months SFH & 4.5 months Condos
 April 2012 Monthly Statistical Report* (MSR) [Link to PDF]

Inventory of SFH sorted by price range.
What price range are you buying or selling in?
 April 2012 Monthly Statistical Report* (MSR) [Link to PDF]

Inventory for Condos by price.
What price range are you buying or selling in?
 April 2012 Monthly Statistical Report* (MSR) [Link to PDF]

Median Sales Price
SFH $600,000 / up 2.6% with 217 sales
Condo $319,000 / up 4.6% with 343 sales
 April 2012 Monthly Statistical Report* (MSR) [Link to PDF]

Source: Honolulu Board of Realtors: April 2012 Monthly Statistical Report* (MSR) [Link to PDF] .

~@RickNakama
~http://fb.me/RickNakamaR

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Rick Nakama, REALTOR® RB-20356
Honolulu Real Estate


(808)382-6761
Rick Nakama Realty LLC
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