The September 2021 home sales numbers are out, and home prices were 8.4% higher, while condo sales were 34.9% higher!
The number of closed sales dropped slightly compared to August, with single-family homes down 0.2% and condos dipping 8.9%, mainly because inventory is so dang low.
We had many listings receive 20 plus offers!
Roughly two out of every three single-family homes sold last month closed above the original asking price.
The median price for a single-family home was $1,050,000, and condo prices rose 7.4% to $478,000.
Around 57% of single-family homes sold in September were priced at $1 million and above, and the most volume growth occurred in the $1,000,000 to $1,399,999 range, with more than double the sales as last September.
Over asking price offers were most prevalent in the Ewa Plain region, with more than 80% of the region’s third-quarter sales over list prices.