January 2012

Found 1 blog entry for January 2012.

At the end of December, there were 1,230 homes for sale on Oahu.  That is the lowest number of listings since early 2005!  That represents only 4.8 months of inventory!  (Traditionally a buyer's market has more than 6 months of inventory.)

Days on Market - single family home sales closed in an average of 35 days, down from 38 a year ago.  Condominiums closed in an average of 52 days, up from 43 a year ago.

The average listing received 94.8% of their asking price.  And in the most desirable neighborhoods, listings sold for an average of 98% of their asking prices.

December's single family median sale price of $605k in Honolulu was the highest it has been all year, and the higest month since Spring 2010.  Prices are up $50k from 2 years ago,

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