Oahu’s median home sale price tops $1M again
September marked a second month in a row with a $1,050,000 median sale price for single-family homes on Oahu, according to a report released today.
The Honolulu Board of Realtors report showed that last month’s figure represented a 19% rise from $880,000 a year earlier.
August was the first time Oahu’s median single-family home sale price reached or topped the $1 million mark.
For Oahu’s condominium market, the median sale price rose 7% to $478,000 in September from $445,000 during the same month last year. A record was set in August at $500,000.
The trade association counts sales of previously owned homes, and the median price represents a point at which half the sales were for more and half for less.
Sales volume last month rose in both parts of the market, but was considerably stronger for condos.
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There were 615 condo sales in September, up 35% from a 456 year earlier. The number of single-family home sales rose 8% to 424 from 391 in the same period.