The Hawaii real estate market continues its upward move, as August single-family homes reached a new record high median price at $1,050,000! Condos reached and $500,000 for the first time, as buyers closed sales at higher price points in both single-family homes and condos.
The $1,050,000 single-family median sales price is 25.1% higher than a year ago and 5.8% above last month’s record.
This is the fourth consecutive month single-family homes have set a record median, and except for April, a new record has been set each month this year.
The number of sales jumped 14.9% compared to last August, which was during the worst of Covid restrictions