The June housing sales numbers are out, and they look good!
Oahu single-family home sales were up by 8.4 percent in June, from 263 to 285, and the median price was also up, to $575,000 from $570,000.
Oahu Condo sales saw the most dramatic jump up, 38 percent higher than last June, at 396 sales, although the median price was 3.2 percent lower, at $300,000.
Sales in June sold faster than last year, with the average home selling in just 32 days, down from 48! Condos sold in 31 days, down from 47.
The trend is continuing – mainly led be very low inventory and low interest rates. I’ve seen some sellers get more than 10% above their asking price!