During January, sales of 175 single-family homes and 270 condominiums were reported through the Board’s MLS, a decrease of 12.1 percent and an increase of 1.9 percent, respectively, for single-family homes and condominiums from January 2011.
The median price paid for island properties in January was $618,900 for single-family homes and $305,000 for condominiums, increases of 8.6 percent and 1.9 percent, respectively, compared to the same month last year.
According to the Days on Market indicator, sales for single-family homes closed at a slower pace last month compared to a year ago with single-family properties listing for 50 days, up from 38; condominiums closed at a quicker pace, listing for 45 days, down from 49.
*Reports and Press Release scheduled to be released the morning of February 7, 2012 by the Honolulu Board of REALTORS®. Not for public distribution until after that time. Questions regarding this statistical report should be directed to Honolulu Board of REALTORS® at [email protected] Statistical graphs or charts (and data) prepared by the Honolulu Board of REALTORS® may not be released to the media without the express permission of the Board of Directors of the Honolulu Board of REALTORS®. – MLS Rules & Regulations, Section 12.3(b)4.
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