April Market Update

🏝️ OAHU, HAWAII: Compared to the frenetic real estate market we saw the last two years, O’ahu home sales momentum is sluggish, but median prices are holding steady due to low inventory. Despite fewer sales, properties that sold in April spent less time on the market than one month ago.

🏡 Single-family home sales in April slipped 43.0% year-over-year but only 11.9% since last month. The median single-family home sales price was $999,995, down 9.5% from last April. The median days on market for single-family homes was 24 days compared to a 36-day median in March 2023.

🏢 Condo sales fell 37.5% from last year and 5.4% since last month. The median condo sales price dipped 2.0% from last April to $500,000. The median days on market for condos was 20 days in April compared to 24 days in March 2023.

For the complete report email info@OnePacificRealty.com.