Home and condo sales in Honolulu show year’s increase

Honolulu real estate

The Honolulu Board of Realtors released resale figures Friday for the month of April 2015, and they show a slight increase in both home and condo numbers.

There were a total of 301 single-family home resales last month at a median price of $674,900, close to a 22 percent increase compared to April 2014, when there were 247 resales at $648,000.

Condominium resales totaled 454 at a median price of $370,475, a two percent increase from last year of 445 units at $355,000.

According to the Days on Market indicator, single-family homes were on the market for an average of 22 days, while condominiums were on the market for around 19 days.

“Although the inventory of single family homes and condos is slowly improving, demand continues to outpace supply,” said board president Jack Legal in a prepared statement. “Generally, this is the time of year that we begin to see an uptick in the market coming out of the winter doldrums, and it looks like this year is no exception.”

Visit www.hicentral.com to see what’s happening in the housing market and browse Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both.

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