Hawaii Real Estate Market Trends

Hawaiian real estate sales are down for the fourth year in a row. Home sales in Oahu are off 6% year-to-date, while condo sales are off 13.5%. Prices are beginning to trend upwards. For full details, see our Market Trends page.

The median price of single-family, re-sale homes on Oahu fell 2.5% in November from the month before. Home prices were also off year-over-year by 0.8%. The median price is now at $590,000.

Sales of single-family, re-sale homes on Oahu were up 46.5% in November compared to last November . Year-to-date, home sales are off 6%.

The median price for condos on Oahu rose 8.5% from October to $320,000. Year-over-year, the median price was up 1.2%.

Condo sales rose 6.8% from October, and were up 102.5% compared to November 2008. Year-to-date, condo sales are off 13.5%.

Hawaii Real Estate Mixed in November

The median price of single-family, re-sale homes on Oahu fell 2.5% in November from the month before. Home prices were also off year-over-year by 0.8%. The median price is now at $590,000.

Sales of single-family, re-sale homes on Oahu were up 46.5% in November compared to last November . Year-to-date, home sales are off 6%.

The median price for condos on Oahu rose 8.5% from October to $320,000. Year-over-year, the median price was up 1.2%.

Condo sales rose 6.8% from October, and were up 102.5% compared to November 2008. Year-to-date, condo sales are off 13.5%.

To view the annual report, click here.

The median price for homes on Maui dropped 4.5% from October, and was off 1.5% year-over-year. The median price for condos fell 0.2%, but was up 0.3% year-over-year. Prices are much more volatile on Maui because there are far fewer sales compared to Oahu.

Maui home sales were off 8.2% from the month before, but were up 3.1% year-over-year. Condo sales grew 13.1% from the month before, and were up 137.9% year-over-year.

We have a complete set of charts that include prices and unit sales for single-family homes and condos. The charts show the month-to-month change along with 3-month moving average charts, to reduce month-to-month fluctuations yet retain seasonal variations, and 12-month moving average charts to remove seasonal variations and return the long-term trends.

The charts for Oahu and Maui are on separate pages.

For the details, and our seven-year graphs, see our trend charts.

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