Oahu home sales last month set price record
All it took was a 3 percent bump to break a record for Oahu home prices last month.
Previously owned single-family houses sold for a median $810,000 in August, which surpassed the high of $795,000 reached in June 2017.
The Honolulu Board of Realtors reported the figure today along with other sale data for the market last month.
August’s median home sale price was 3 percent higher than $786,250 in the same month last year.
The median sale price last month was based on 354 sales compared with 362 a year earlier that reflected a 2 percent year-over-year decrease.
For condominiums, the median sale price edged up 2 percent to $427,000 last month from $419,000 a year earlier. The record was set at $435,000 in March.
Don't miss out on what's happening!
Stay in touch with top news, as it happens, conveniently in your email inbox. It's FREE!
There were 521 condo sales last month, down 9 percent from 575 a year a year earlier.