Oahu Real Estate Update - March 2024

Page 1

MONTHLY

MARCH 2024

The spring season started with little momentum. In March, single-family home sales dipped by 2.5% year-over-year and condo sales fell 22.5%. The median sales price for single-family homes rose to $1,100,000, marking a 1.5% year-over-year increase. Conversely, the median price for condos dropped to $500,000, down 6.7% from last March’s record-setting price of $536,000.

Single-family home sales priced $899,999 and below experienced a modest uptick, with 70 sales, marking a 6.1% increase compared to 66 last March. Meanwhile, the largest decrease in sales volume occurred for single-family homes purchased in the $900,000 to $999,999 price range, down 28.1% or 9 sales from a year ago. Condo sales observed an uptick in the $200,000 to $399,999 range by 11.8% or 10 sales, but declined sharply in the $1,000,000 and above range, dropping to 25 from 52 last March, or 51.9%. Sales in the $400,000 to $799,999 range also fell by 28.5% year-over-year.

Both single-family homes and condos typically entered contract within one month. Median days on market for single-family homes and condos were 31 and 29 days, respectively. However, single-family homes continued to draw buyers, with 280 pending sales, an 8.5% year-over-year increase. Condo contract signings remained steady compared to last March, with 439 pending sales, a moderate 1.1% decrease.

Pending sales in the $800,000 to $999,999 range continued to mark a sizable share for single-family homes, with 81 contract signings this March, growing 15.7% year-over-year. Additionally, condos priced between $300,000 to $599,999 contributed nearly 50% of the month’s pending sales. For singlefamily homes, 23% of sales closed above the original asking price compared to 24% last year. Meanwhile, condo sales above asking price decreased to 18% from 21% the same time last year.

New listings in the single-family home market remained nearly steady compared to a year ago, with 291 new listings, a slight 0.7% decline. Meanwhile, condos added 647 new listings, up 22.1%. Overall, new listing volume rose in both markets for the first quarter, with single-family homes up by 9.7% and condos up by 16.2%.

March concluded with a 7.4% increase in active inventory for single-family homes, driven by rises in the upper price range at $1,600,000 and above, up by 23.2%, and the $1,000,000 to $1,599,999 range, up by 9.2%. Conversely, inventory in the $999,999 and below range declined by 7.5%. In the condo market, active inventory surged by 29.6% year-over-year, with significant increases across most price points, offering buyers more options. The $300,000 to $499,999 range skyrocketed 84.9%, with 464 units available, compared to 251 a year ago.

First Quarter

Despite these challenges, first-quarter sales grew 6.1% for single-family homes but fell by 7.1% for condos.

Year-to-date (Q1) median prices reached $1,070,000 for single-family homes and $505,000 for condos, a 4.4% and 1.0% year-over-year increase, respectively.

Through the first quarter of 2024, single-family home sales in the $1,000,000 and above range increased to 340 from 292 in Q1 2023, rising 16.4%. However, single-family homes priced at $999,999 and below decreased by 5.2%, with 253 sales compared to 267 in the same period last year. For condos, sales in the $400,000 to $499,999 range slumped 19.6%, with 164 sales compared to 204 in Q1 2023. Sales volume for condos priced at $1,000,000 and above also dipped, with 71 sales compared to 102 during the same period last year, a 30.4% drop.

STATS REPORT

Oahu Monthly Housing Statistics

March 2024

Monthly Indicators 2 Median Sales Price YoY %chg Price Graphs 3-4 $1,100,000+1.5% Closed Sales 5 Closed Sales YoY %chg Median Sales Price6 Average Sales Price 7 230 -2.5% Median Days on Market 8 Percent of Original List Price Received 9 Average Sales Price YoY %chg New Listings10 Pending Sales 11 $1,380,838-0.8% Active Inventory 12 Total Inventory In Escrow 13 Months Supply of Active Inventory 14 Housing Supply Overview 15 Median Sales Price YoY %chg Closed Sales (by price range)16-17 Median Days on Market (by price range) 18-19 $500,000-6.7% Percent of Original List Price Received (by price range)20-21 New Listings (by price range) 22-23 Closed Sales YoY %chg Pending Sales (by price range)24-25 Active Inventory (by price range) 26-27 344 -22.5% Active Inventory History 28 Total Inventory In Escrow (by price range) 29-30 Average Sales Price YoY %chg Months Supply of Active Inventory (by price range)31-32 $579,500-11.1% Historical Graphs 33-34 YoY % chg = year-over-year percent change comparing current month to the same month last year. SOURCE:
MLS, Ltd.® ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.
CONDOS
Honolulu Board of REALTORS®, residential resales data compiled from HiCentral
CONTENTS:
SINGLE-FAMILY HOMES

*seefootnotesonpages9-12regardingmethodologyupdates1-yr%chg=percentchangecomparingthecurrentYTDtimeperiodtothesameYTDtimeperiodoneyearago.

2-yr%chg=percentchangecomparingthecurrentYTDtimeperiodtothesameYTDtimeperiodtwoyearsago.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Monthly Indicators
March 2024 Mar-24 Mar-23YoY %chgFeb-24MoM %chg Mar-24 Mar-23YoY %chgFeb-24MoM %chg Closed Sales 230 236-2.5%17928.5% 344 444-22.5%3343.0% Median Sales Price $1,100,000 $1,083,7501.5%$1,075,0002.3% $500,000 $536,000-6.7%$512,500-2.4% Average Sales Price $1,380,838 $1,391,538-0.8%$1,437,693-4.0% $579,500 $651,630-11.1%$580,274-0.1% Median Days on Market 31 36-13.9%303.3% 29 2420.8%39-25.6% Percent of Orig. List Price Received 98.3% 96.7%1.7%97.8%0.5% 98.3% 98.5%-0.2%97.9%0.4% New Listings 291 293-0.7%295-1.4% 647 53022.1%53321.4% Pending Sales* 280 2588.5%2694.1% 439 444-1.1%39012.6% Active Inventory* 581 5417.4%599-3.0% 1,493 1,15229.6%1,3887.6% Total Inventory in Escrow* 448 39314.0%4167.7% 647 6027.5%58610.4% Months Supply of Active Inventory* 2.7 2.128.6%2.8-3.6% 4.0 2.466.7%3.611.1%
Year-to-Date YTD-2024 YTD-20231-yr %chgYTD-20222-yr %chg YTD-2024 YTD-20231-yr %chgYTD-20222-yr %chg Closed Sales 593 5596.1%888-33.2% 970 1,044-7.1%1,710-43.3% Median Sales Price $1,070,000 $1,025,0004.4%$1,100,000-2.7% $505,000 $500,0001.0%$510,000-1.0% Average Sales Price $1,377,753 $1,335,0943.2%$1,437,670-4.2% $584,486 $627,071-6.8%$612,642-4.6% Median Days on Market 29 36-19.4%11163.6% 32 2528.0%11190.9% Percent of Orig. List Price Received 98.2% 96.5%1.8%101.5%-3.3% 98.0% 98.3%-0.3%100.0%-2.0% New Listings 871 7949.7%1,099-20.7% 1,761 1,51616.2%2,119-16.9% Pending Sales* 769 7423.6%1,015-24.2% 1,205 1,221-1.3%1,908-36.8%
OAHU, HAWAII
*seefootnotesonpages9-12regardingmethodologyupdatesYoY%chg=year-over-yearpercentchangecomparingcurrentmonthtothesamemonthlastyear. MoM%chg=month-over-monthpercentchangecomparingcurrentmonthtothepreviousmonth.
Single-Family Homes Condos Single-Family Homes Condos
6 3 12 15 34 23 21 25 13 8 9 7 9 7 10 3 16 9 1 4 15 14 32 32 21 22 15 16 9 8 10 1 4 6 16 10 0 5 10 15 20 25 30 35 40 Closed Sales Sold Price ($) Single-Family Homes Sold March 2024 vs. March 2023 2024 2023 SOURCE:
Board of REALTORS®, compiled from MLS data. ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.
Honolulu
4 12 34 61 60 49 43 26 21 9 20 5 9 19 31 54 80 66 64 39 14 16 46 6 0 10 20 30 40 50 60 70 80 90 Closed Sales Sold Price ($) Condos Sold March 2024 vs. March 2023 2024 2023
©2024.
herein
guaranteed.
SOURCE: Honolulu Board of REALTORS®, compiled from MLS data.
Honolulu Board of REALTORS®. All Rights Reserved. Information
deemed reliable but not
March 2024 OAHU, HAWAII (Acountofpropertiesthathaveclosedinagivenmonth) Mo-Yr Single-Family HomesCondosTotal Mar-21361626987 Apr-213756451,020 May-214055981,003 Jun-214517301,181 Jul-214046711,075 Aug-214256751,100 Sep-214246151,039 Oct-21381611992 Nov-21371601972 Dec-21378593971 Jan-22326552878 Feb-22241486727 Mar-22321672993 Apr-223656721,037 May-223446881,032 Jun-22357626983 Jul-22312518830 Aug-22314508822 Sep-22278496774 Oct-22222435657 Nov-22192340532 Dec-22202360562 Jan-23150275425 Monthly Closed Sales Year-to-Date Closed Sales Feb-23173325498MarchSFHYoY%chgCNDYoY%chgMarchYTDSFHYoY%chgYTDCNDYoY%chg Mar-232364446802022321-11.1%6727.3%2022888-2.6%1,71016.8% Apr-232084206282023236-26.5%444-33.9%2023559-37.0%1,044-38.9% May-23262438700 2024230-2.5%344-22.5% 20245936.1%970-7.1% Jun-23248470718 Jul-23224422646 Aug-23252422674 Sep-23232376608 Oct-23213399612 Nov-23180310490 Dec-23182272454 Jan-24184292476 Feb-24179334513 Mar-24230 344 574 Closed Sales 0 100 200 300 400 500 600 700 800 Sales Closed Sales Single-Family Homes Condos 0 200 400 600 800 1,000 202220232024 Closed Sales SFH(YTD) 0 500 1,000 1,500 2,000 202220232024 Closed Sales CND(YTD) 0 50 100 150 200 250 300 350 202220232024 Closed Sales SFH(Mar) 0 200 400 600 800 202220232024 Closed Sales CND(Mar)
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

March 2024

OAHU, HAWAII

(Themediansalespriceofallclosedpropertiesinagivenmonth)

Mo/Yr Single-Family HomesCondos

Mar-21$950,000$451,000

Apr-21$928,000$450,000

May-21$978,000$457,750

Jun-21$979,000$460,000

Jul-21$992,500$475,000

Aug-21$1,050,000$500,000

Sep-21$1,050,000$478,000

Oct-21$1,000,000$500,000

Nov-21$1,050,000$500,000

Dec-21$1,050,000$485,000

Jan-22$1,050,000$510,000

Feb-22$1,125,000$497,000

Mar-22$1,150,000$515,500

Apr-22$1,105,000$510,000

May-22$1,153,500$516,500

Jun-22$1,100,000$534,000

Jul-22$1,107,944$500,000

Aug-22$1,125,500$498,500

Sep-22$1,100,000$502,500

Oct-22$1,050,000$520,000

Nov-22$1,149,500$480,000

Dec-22$1,049,500$502,500

Jan-23$970,000$495,000 Monthly Median Sales Price Year-to-Date Median Sales Price

Feb-23$987,000$480,000MarchSFHYoY%chgCNDYoY%chgMarchYTDSFHYoY%chgYTDCNDYoY%chg

Mar-23$1,083,750$536,0002022$1,150,00021.1%$515,50014.3%2022$1,100,00020.2%$510,00012.1%

Apr-23$999,995$500,0002023$1,083,750-5.8%$536,0004.0%2023$1,025,000-6.8%$500,000-2.0%

May-23$1,109,000$505,000

Jun-23$1,050,000$510,000

Jul-23$1,090,000$500,000

Aug-23$1,110,000$515,000

Sep-23$1,050,000$532,500

Oct-23$1,100,000$515,000

Nov-23$1,100,055$516,179

Dec-23$996,500$510,000

Jan-24$1,021,016$502,500

Feb-24$1,075,000$512,500

Mar-24$1,100,000$500,000

2024$1,100,0001.5%$500,000-6.7% 2024$1,070,0004.4%$505,0001.0%
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Price ($) Median Sales Price Single-Family Homes Condos 0K 200K 400K 600K 800K 1.0M 1.2M 202220232024 Price ($) SFH(YTD) 0K 100K 200K 300K 400K 500K 600K 202220232024 Price ($) CND(YTD) 0K 200K 400K 600K 800K 1.0M 1.2M 1.4M 202220232024 Price ($) SFH(Mar) 0K 100K 200K 300K 400K 500K 600K 202220232024 Price ($) CND(Mar)
Median Sales Price
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

March 2024

OAHU, HAWAII

(Theaveragesalespriceofallclosedpropertiesinagivenmonth)

Mo/Yr Single-Family HomesCondos

Mar-21$1,226,827$530,257

Apr-21$1,194,150$520,192

May-21$1,246,611$555,798

Jun-21$1,225,011$557,302

Jul-21$1,265,382$544,064

Aug-21$1,316,681$618,612

Sep-21$1,289,510$558,002

Oct-21$1,335,171$582,509

Nov-21$1,296,551$559,007

Dec-21$1,303,481$604,749

Jan-22$1,277,309$623,928

Feb-22$1,486,088$583,367

Mar-22$1,570,668$623,684

Apr-22$1,404,481$613,189

May-22$1,450,008$625,327

Jun-22$1,382,559$631,822

Jul-22$1,329,023$590,934

Aug-22$1,341,958$547,319

Sep-22$1,307,249$607,502

Oct-22$1,243,960$676,988

Nov-22$1,387,685$594,444

Dec-22$1,325,156$576,689

Jan-23$1,139,294$633,441 Monthly Average Sales Price

Year-to-Date Average Sales Price

Feb-23$1,427,864$592,131MarchSFHYoY%chgCNDYoY%chgMarchYTDSFHYoY%chgYTDCNDYoY%chg

Mar-23$1,391,538$651,6302022$1,570,66828.0%$623,68417.6%2022$1,437,67024.6%$612,64216.6%

Apr-23$1,223,383$603,7952023$1,391,538-11.4%$651,6304.5%2023$1,335,094-7.1%$627,0712.4%

May-23$1,355,804$623,748 2024$1,380,838-0.8%$579,500-11.1%

Jun-23$1,300,456$589,597

Jul-23$1,270,421$617,683

Aug-23$1,427,996$628,127

Sep-23$1,357,981$608,222

Oct-23$1,304,757$670,805

Nov-23$1,434,999$676,625

Dec-23$1,207,793$602,535

Jan-24$1,323,172$593,630

Feb-24$1,437,693$580,274

Mar-24$1,380,838$579,500

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

2024$1,377,7533.2%$584,486-6.8%
Average Sales Price $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 Price ($) Average Sales Price Single-Family Homes Condos 0K 500K 1.0M 1.5M 2.0M
Price ($) SFH(YTD) 0K 100K 200K 300K 400K 500K 600K 700K 202220232024 Price ($) CND(YTD) 0K 500K 1.0M 1.5M 2.0M
Price ($) SFH(Mar) 0K 100K 200K 300K 400K 500K 600K 700K
Price ($) CND(Mar)
202220232024
202220232024
202220232024

March 2024

OAHU, HAWAII

(DaysonMarketrepresentsthenumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted;theMedianDay

sonMarketrepresentsthemedianofallsalesinagivenmonth)

Single-Family HomesCondos Mar-21914 Apr-21913 May-21812 Jun-21811 Jul-21911 Aug-21912 Sep-21911 Oct-211011 Nov-21119 Dec-211113 Jan-221214 Feb-221314 Mar-2299 Apr-221012 May-221010 Jun-221011 Jul-221112 Aug-221313 Sep-221814 Oct-221919 Nov-221818 Dec-222521 Jan-232424 Monthly Median Days on Market Year-to-Date Median Days on Market Feb-234728MarchSFHYoY%chgCNDYoY%chgMarchYTDSFHYoY%chgYTDCNDYoY%chg Mar-233624202290.0%9-35.7%20221122.2%11-35.3% Apr-232420202336300.0%24166.7%202336227.3%25127.3% May-232120 202431-13.9%2920.8% 202429-19.4%3228.0% Jun-231718 Jul-231616 Aug-231818 Sep-232021 Oct-231821 Nov-232923 Dec-231826 Jan-242929 Feb-243039 Mar-2431 29 Median Days on Market 0 5 10 15 20 25 30 35 40 45 50 Days on Market Median Days on Market Single-Family Homes Condos 0 10 20 30 40 202220232024 Days on Market SFH(YTD) 0 5 10 15 20 25 30 35 202220232024 Days on Market CND(YTD) 0 10 20 30 40 202220232024 Days on Market SFH(Mar) 0 5 10 15 20 25 30 35 202220232024 Days on Market CND(Mar)
Mo/Yr
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Percent of Original List Price Received March 2024

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodindicated)

Mo/Yr Single-Family HomesCondos

Mar-21100.4%99.1%

Apr-21101.9%99.6%

May-21101.4%100.0%

Jun-21104.2%100.0%

Jul-21103.9%100.0%

Aug-21103.0%100.0%

Sep-21103.1%100.0%

Oct-21102.2%100.0%

Nov-21102.2%100.0%

Dec-21102.1%100.0%

Jan-22101.6%100.0%

Feb-22100.8%100.0%

Mar-22102.0%100.0%

Apr-22102.6%100.0%

May-22102.2%100.0%

Jun-22102.0%100.0%

Jul-22100.0%100.0%

Aug-22100.0%100.0%

Sep-2299.2%100.0%

Oct-2299.8%99.0%

Nov-2298.4%98.8%

Dec-2296.7%98.5%

Jan-2395.9%98.4%

Feb-2396.0%98.0%MarchSFHYoY%chgCNDYoY%chgMarchYTDSFHYoY%chgYTDCNDYoY%chg

Mar-2396.7%98.5%2022102.0%1.6%100.0%0.9%2022101.5%1.1%100.0%1.1%

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Year-to-Date Percent of Original List Price Received
Monthly Percent of Original List Price Received
Apr-2398.3%98.7%202396.7%-5.2%98.5%-1.5%202396.5%-4.9%98.3%-1.7% May-2398.7%99.0% 202498.3%1.7%98.3%-0.2% 202498.2%1.8%98.0%-0.3% Jun-2399.5%98.9% Jul-23100.0%98.8% Aug-2399.1%99.6% Sep-2399.0%98.8% Oct-2398.0%98.7% Nov-2397.1%98.0% Dec-2398.3%97.9% Jan-2498.3%97.5% Feb-2497.8%97.9% Mar-2498.3%98.3% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% Percent Received Percent of Original List Price Received Single-Family Homes Condos 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202220232024 Percent Received SFH(YTD) 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202220232024 Percent Received CND(YTD) 95.0% 97.0% 99.0% 101.0% 103.0% 202220232024 Percent Received SFH(Mar) 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202220232024 Percent Received CND(Mar)
2024 OAHU, HAWAII (Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth) Mo-Yr Single-Family HomesCondosTotal Mar-214397151,154 Apr-214597061,165 May-214306831,113 Jun-214827841,266 Jul-214696641,133 Aug-214607211,181 Sep-214127381,150 Oct-213767171,093 Nov-21358639997 Dec-21245527772 Jan-22320666986 Feb-223677391,106 Mar-224127141,126 Apr-224247221,146 May-224456871,132 Jun-223916861,077 Jul-223866161,002 Aug-22381608989 Sep-22304601905 Oct-22285532817 Nov-22289526815 Dec-22164371535 Jan-23268523791 Monthly New Listings Year-to-Date New Listings Feb-23233463696MarchSFHYoY%chgCNDYoY%chgMarchYTDSFHYoY%chgYTDCNDYoY%chg Mar-232935308232022412-6.2%714-0.1%20221,099-2.4%2,1196.1% Apr-232925328242023293-28.9%530-25.8%2023794-27.8%1,516-28.5% May-23309582891 2024291-0.7%64722.1% 20248719.7%1,76116.2% Jun-23324535859 Jul-23275521796 Aug-23330549879 Sep-23281516797 Oct-23272566838 Nov-23267457724 Dec-23180349529 Jan-24285581866 Feb-24295533828 Mar-24291 647 938
0 100 200 300 400 500 600 700 800 900 Listings New Listings Single-Family Homes Condos 0 200 400 600 800 1,000 1,200 202220232024 Closed Sales SFH(YTD) 0 500 1,000 1,500 2,000 2,500 202220232024 Closed Sales CND(YTD) 0 100 200 300 400 500 202220232024 New Listings SFH(Mar) 0 200 400 600 800 202220232024 Closed Sales CND(Mar)
March
New Listings
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Pending Sales*

March 2024

OAHU, HAWAII

(Ameasureofcontractactivityrepresentedbyacountofpropertiesthathavehadoffersacceptedonthemduringagivenmonth)

Mo/Yr Single-Family HomesCondosTotal

Mar-213706561,026

Apr-214507271,177

May-214316991,130

Jun-214226661,088

Jul-214336581,091

Aug-214156171,032

Sep-213986291,027

Oct-214006301,030

Nov-21367573940

Dec-21287511798

Jan-22315574889

Feb-22316643959

Mar-223846911,075

Apr-223666631,029

May-22356601957

Jun-22305501806

Jul-22297484781

Aug-22312475787

Sep-22224436660

Oct-22198342540

Nov-22198359557

Dec-22168289457

Jan-23267378645

*Methodologyupdatedasof2021toreflectacountofpropertiesthatenteredcontractwithinthegivenmonthandremaininescrowstatusattheendofthemonth(alsoappliedtohistoricaldatashownabove). PendingSales,inreportspriorto2021,reflectacountofalllistingsthatheldaPending(P)statusthroughoutthegivenmonth.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Monthly Pending Sales Year-to-Date Pending Sales
Apr-232714387092023258-32.8%444-35.7%2023742-26.9%1,221-36.0% May-23258507765 20242808.5%439-1.1% 20247693.6%1,205-1.3% Jun-23231415646 Jul-23247421668 Aug-23267425692 Sep-23232371603 Oct-23192325517 Nov-23174308482 Dec-23182290472 Jan-24220376596 Feb-24269390659 Mar-24280 439 719
Feb-23217399616MarchSFHYoY%chgCNDYoY%chgMarchYTDSFHYoY%chgYTDCNDYoY%chg Mar-2325844470220223843.8%6915.3%20221,015-4.6%1,9088.3%
0 100 200 300 400 500 600 700 800 Listings Pending Sales Single-Family Homes Condos 0 200 400 600 800 1,000 1,200 202220232024 Pending Sales SFH(YTD) 0 500 1,000 1,500 2,000 2,500 202220232024 Pending Sales CND(YTD) 0 100 200 300 400 500 202220232024 Pending Sales SFH(Mar) 0 100 200 300 400 500 600 700 800 202220232024 Pending Sales CND(Mar)

Active Inventory*

March 2024

OAHU, HAWAII (ThenumberofpropertiesinActive(A)statusattheendofthegivenmonth)

Mo/Yr Single-Family HomesCondosTotal

Mar-213791,2571,636

Apr-213811,1331,514

May-213379831,320

Jun-213771,0251,402

Jul-214159691,384

Aug-214169501,366

Sep-214371,0301,467

Oct-214011,0391,440

Nov-213661,0331,399

Dec-213099461,255

Jan-223119671,278

Feb-223489891,337

Mar-223609191,279

Apr-223959171,312

May-224719391,410

Jun-225279981,525

Jul-225761,0501,626

Aug-225961,0731,669

Sep-226291,1411,770 Active Inventory

Oct-226561,1941,850MarchSFHYoY%chgCNDYoY%chg

Nov-226821,2441,9262022360-5.0%919-26.9%

Dec-225971,1701,767202354150.3%1,15225.4%

Jan-235511,1961,747

Feb-235471,1771,724

Mar-235411,1521,693

Apr-235351,1441,679

May-235431,1181,661

Jun-236051,1591,764

Jul-235911,1541,745

Aug-235981,1461,744

Sep-235921,1941,786

Oct-236261,3061,932

Nov-236721,3372,009

Dec-236001,2341,834

Jan-246071,3481,955

Feb-245991,3881,987

Mar-24581 1,4932,074

*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Prev

Total Active Inventory: Single-Family Homes + Condos

iousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

20245817.4%1,49329.6%
0 200 400 600 800 1,000 1,200 1,400 1,600 Listings Active Inventory Single-Family Homes Condos 0 500 1,000 Active202220232024 Listings SFH(Mar) 0 500 1,000 1,500 2,000 Active202220232024 Listings CND(Mar) 0 500 1,000 1,500 2,000 2,500 Mar-21Mar-22Mar-23Mar-24 Listings Total Active Inventory Single-Family Homes + Condos Single-Family Homes Condos

Total Inventory In Escrow*

March 2024

Mar-216919791,670

Apr-217391,0301,769

May-217931,1571,950

Jun-217541,0681,822

Jul-217351,0261,761

Aug-217279791,706

Sep-216609511,611

Oct-216639351,598

Nov-216378991,536

Dec-215287841,312

Jan-224987971,295

Feb-225449461,490

Mar-226039801,583

Apr-225929561,548

May-225838561,439

Jun-225097281,237

Jul-224796761,155

Aug-224626541,116

Sep-22388590978

Oct-22345506851MarchSFHYoY%chgCNDYoY%chg

Nov-223195128312022603-12.7%9800.1%

Mar-23393602995

Apr-234356231,058

May-234186861,104

Jun-23370612982

Jul-23383586969

Single-Family HomesCondosTotal
OAHU, HAWAII (Thenumberofpropertiesundercontractattheendofthegivenmonth/combinedlistingsinCandPstatus) Mo/Yr
Total Inventory In Escrow Total Inventory In Escrow: Single-Family Homes + Condos
202444814.0%6477.5%
Dec-222784307082023393-34.8%602-38.6% Jan-23376523899
Feb-23386592978
Aug-23391590981 Sep-23383569952 Oct-23333475808 Nov-23312473785 Dec-23305468773 Jan-24334532866 Feb-244165861,002 Mar-24448 647 1,095 *Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata. 0 200 400 600 800 1,000 1,200 1,400 Listings Total Inventory In Escrow Single-Family Homes Condos 0 200 400 600 800 202220232024 Listings SFH(Mar) 0 500 1,000 1,500 202220232024 Listings CND(Mar) 0 500 1,000 1,500 2,000 2,500 Mar-21Mar-22Mar-23Mar-24 Listings Total Inventory In Escrow Single-Family Homes + Condos Single-Family Homes Condos
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Aug-221.71.8

Sep-221.92.0 Months Supply of Active Inventory Active Inventory vs. Closed Sales

Oct-222.12.1MarchSFHYoY%chgCNDYoY%chg

Nov-222.22.320221.0-16.7%1.5-50.0%

Dec-222.12.220232.1110.0%2.460.0%

Jan-232.02.4

Feb-232.02.4

OAHU, HAWAII (Comparesactiveinventorytoarolling12-monthaverageclosedsales) Mo/Yr Single-Family HomesCondos Mar-211.23.0
Jun-211.02.0 Jul-211.11.8
Months Supply of Active Inventory* March 2024
Apr-211.12.5 May-211.02.1
Aug-211.11.7 Sep-211.21.8 Oct-211.11.8 Nov-211.01.7 Dec-210.81.6 Jan-220.81.6 Feb-220.91.6 Mar-221.01.5 Apr-221.11.5 May-221.31.5 Jun-221.51.6 Jul-221.61.7
20242.728.6%4.066.7%
Jan-242.83.5 Feb-242.83.6 Mar-242.7 4.0
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 Months of Inventory Months Supply of Active Inventory Single-Family Homes Condos 0 1 2 3 Months202220232024 of Inventory SFH(Mar) 0 2 4 6 Months202220232024 of Inventory CND(Mar) 0 200 400 600 800 Mar-21Mar-22Mar-23Mar-24 Sales/Listings Single-Family Homes Active Closed 0 500 1,000 1,500 2,000 Mar-21Mar-22Mar-23Mar-24 Sales/Listings Condos Active Closed
Mar-232.12.4 Apr-232.12.5 May-232.22.6 Jun-232.62.8 Jul-232.62.8 Aug-232.72.8 Sep-232.73.0 Oct-232.93.3 Nov-233.13.4 Dec-232.83.2
*Methodologyupdatedasof2021(alsoappliedtohistoricaldatashownonthischart). MonthsofInventory,inreportspriorto2021,reflectacomparisonofactivelistingstoaveragependingsales.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Housing Supply Overview

March 2024

OAHU, HAWAII

Single-Family HomesMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23 %chgMar-24Mar-23%chg

$449,999 and below 51400.0%2345-48.9%93.2%101.3%-8.0%41300.0%50-6450.0%7540.0%2.02.00.0%

$450,000 - $599,999 440.0%2240-45.0%96.8%94.9%2.0%11837.5%1113-15.4%161414.3%201811.1%3.22.339.1%

$600,000 - $699,999 1215-20.0%3942-7.1%98.3%95.2%3.3%1012-16.7%712-41.7%2124-12.5%1417-17.6%2.12.4-12.5%

$700,000 - $799,999 15147.1%10428271.4%94.2%100.9%-6.6%2425-4.0%191618.8%4245-6.7%353112.9%2.22.14.8%

$800,000 - $899,999 34326.3%2261-63.9%99.7%96.8%3.0%4053-24.5%443912.8%6176-19.7%735532.7%1.92.3-17.4%

$900,000 - $999,999 2332-28.1%1324-45.8%98.1%97.7%0.4%2634-23.5%373119.4%52512.0%605215.4%1.91.435.7%

$1,000,000 - $1,499,999 7683-8.4%40378.1%97.9%96.2%1.8%89890.0%95923.3%13311812.7%14613111.5%1.91.258.3%

$1,500,000 - 1,999,999 362924.1%171241.7%98.8%100.0%-1.2%42397.7%352920.7%927326.0%504122.0%3.52.445.8%

$2,000,000 - $2,999,999 16160.0%745-84.4%100.0%96.3%3.8%2813115.4%18175.9%654544.4%2728-3.6%4.32.572.0%

$3,000,000 and above 910-10.0%5075-33.3%96.3%91.4%5.4%1719-10.5%990.0%93912.2%16156.7%10.38.324.1%

All Single-Family Homes230236-2.5%3136-13.9%98.3%96.7%1.7%291293-0.7%2802588.5%5815417.4%44839314.0%2.72.128.6%

Condos Mar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chgMar-24Mar-23%chg

$149,999 and below 817-52.9%6427137.0%86.3%96.0%-10.1%201625.0%171241.7%4245-6.7%27258.0%3.23.20.0% $150,000 -

$300,000 - $399,999 615413.0%332437.5%97.6%98.6%-1.0%1046657.6%6678-15.4%228106115.1%98106-7.5%3.71.4164.3%

$400,000 - $499,999 6080-25.0%23230.0%100.0%100.0%0.0%1199229.3%83821.2%23614562.8%11410112.9%3.71.8105.6%

$500,000 - $599,999 4966-25.8%272035.0%99.0%99.3%-0.3%928212.2%675913.6%15811833.9%988121.0%2.71.758.8%

$600,000 - $699,999 4364-32.8%2023-13.0%98.6%98.5%0.1%5766-13.6%43430.0%122133-8.3%695819.0%2.72.58.0%

$700,000 - $999,999 5669-18.8%2324-4.2%98.8%98.7%0.1%1038521.2%787011.4%22920412.3%1089711.3%3.82.552.0%

$1,000,000 - $1,499,999 1331-58.1%1015198.0%93.9%95.3%-1.5%483250.0%2431-22.6%13510429.8%383315.2%7.54.374.4%

$1,500,000 - $1,999,999 715-53.3%16453209.4%95.9%95.7%0.2%221369.2%711-36.4%756515.4%1114-21.4%10.77.248.6%

$2,000,000 and above 56-16.7%1058523.5%93.3%98.4%-5.2%23219.5%711-36.4%1059411.7%12120.0%15.010.444.2%

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

(Ayear-over-yearoverviewoftheavailabilityandsalesofpropertiesinagivenmonth,bypricerange)
42420.0%4518150.0%96.5%98.2%-1.7%59573.5%47470.0%16313818.1%7275-4.0%3.82.552.0%
$299,999
All Condos 344444-22.5%292420.8%98.3%98.5%-0.2%64753022.1%439444-1.1%1,4931,15229.6%6476027.5%4.02.466.7% In Escrow Months Supply of Active Inventory Total Inventory In Escrow Months Supply of Active Inventory Total Inventory Active Inventory Active Inventory Closed SalesMedian Days on Market Percent of Original List Price ReceivedPending Sales Closed SalesMedian Days on Market Percent of Original List Price ReceivedPending Sales New Listings New Listings

$449,999andbelow51400.0%322718.5%

$450,000-$599,999440.0%6366-4.5%

$600,000-$699,9991215-20.0%1151140.9% $700,000-$799,99915147.1%232249-6.8%

$800,000-$899,99934326.3%386400-3.5%

$900,000-$999,9992332-28.1%323426-24.2%

$1,000,000-$1,499,9997683-8.4%8531,142-25.3%

$1,500,000-1,999,999362924.1%312373-16.4%

$2,000,000-$2,999,99916160.0%173215-19.5%

$3,000,000andabove910-10.0%105133-21.1%

All Single-Family Homes 230236-2.5%2,5943,145-17.5%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Single-Family HomesMar-24Mar-23%chg 12-mth Total This Period 12-mth Total Last Period %chg
Closed Sales by Price Range: Single-Family Homes March 2024 OAHU, HAWAII (Acountofpropertiesthathaveclosedinagivenmonth)
0 10 20 30 40 50 60 70 80 90 $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000$2,999,999 $3,000,000 and above Closed Sales Sold Price
1-mth Period: Single-Family Homes Mar-24 Mar-23 0 200 400 600 800 1,000 1,200 $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000$2,999,999 $3,000,000 and above Closed Sales Sold Price
12-mth
This
12-mth
Last
Closed Sales by Price Range
Closed Sales by Price Range 12-mth Period: Single-Family Homes
Total
Period
Total
Period

Closed Sales by Price Range: Condos

March 2024

OAHU, HAWAII

(Acountofpropertiesthathaveclosedinagivenmonth)

$149,999andbelow817-52.9%150169-11.2%

$150,000-$299,99942420.0%518685-24.4%

$300,000-$399,999615413.0%732906-19.2%

$400,000-$499,9996080-25.0%751988-24.0%

$500,000-$599,9994966-25.8%706835-15.4%

$600,000-$699,9994364-32.8%540637-15.2%

$700,000-$999,9995669-18.8%720974-26.1%

$1,000,000-$1,499,9991331-58.1%221285-22.5%

$1,500,000-$1,999,999715-53.3%81105-22.9%

$2,000,000andabove56-16.7%80103-22.3%

All Condos 344444-22.5%4,4995,687-20.9%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Condos Mar-24Mar-23%chg 12-mth Total This Period 12-mth Total Last Period %chg
0 10 20 30 40 50 60 70 80 90 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above Closed Sales Sold Price Closed Sales by Price Range 1-mth Period: Condos Mar-24 Mar-23 0 200 400 600 800 1,000 1,200 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above Closed Sales Sold Price Closed Sales by Price Range 12-mth Period: Condos 12-mth Total This Period 12-mth Total Last Period

Median Days on Market by Price Range: Single-Family Homes

March 2024

OAHU, HAWAII

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted)

Median Days on Market by Price Range

1-mth Period: Single-Family Homes

Single-Family HomesMar-24Mar-23%chg

$600,000-$699,9993942-7.1%362263.6%

$700,000-$799,99910428271.4%262030.0%

$800,000-$899,9992261-63.9%271492.9%

Median Days on Market by Price Range

12-mth Period: Single-Family Homes

12-mth Median This Period 12-mth Median Last Period

$3,000,000andabove5075-33.3%412846.4%

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

12-mth Median This Period 12-mth Median Last Period %chg
$449,999andbelow2345-48.9%2511127.3% $450,000-$599,9992240-45.0%4118127.8%
$900,000-$999,9991324-45.8%201266.7% $1,000,000-$1,499,99940378.1%181250.0% $1,500,000-1,999,999171241.7%171241.7% $2,000,000-$2,999,999745-84.4%13130.0%
All Single-Family Homes 3136-13.9%211361.5% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior. 0 20 40 60 80 100 120 $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000$2,999,999 $3,000,000
above
Market Sold
and
Days on
Price
0 5 10 15 20 25 30 35 40 45 $449,999
$450,000 -
$700,000
$800,000
$900,000
$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000
$2,999,999 $3,000,000
Mar-24 Mar-23
and below
$599,999 $600,000$699,999
$799,999
$899,999
-
-
and above Days on Market Sold Price

Median Days on Market by Price Range: Condos

March 2024

OAHU, HAWAII

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted)

Condos Mar-24Mar-23%chg

$149,999andbelow6427137.0%362733.3%

$150,000-$299,9994518150.0%231827.8%

$300,000-$399,999332437.5%211450.0%

$400,000-$499,99923230.0%181250.0%

$500,000-$599,999272035.0%191258.3%

$600,000-$699,9992023-13.0%221457.1%

$700,000-$999,9992324-4.2%221283.3%

$1,000,000-$1,499,9991015198.0%322623.1%

$1,500,000-$1,999,99916453209.4%473438.2%

$2,000,000andabove1058523.5%543650.0%

All Condos 292420.8%221457.1%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Median Days on Market by Price Range

1-mth Period: Condos

$399,999

Median Days on Market by Price Range

12-mth Median This Period 12-mth Median Last Period %chg
0 20 40 60 80 100 120 140 160 180 $149,999 and below $150,000
$300,000
$400,000
$500,000
$600,000
$700,000
$1,000,000
$1,500,000$1,999,999 $2,000,000 and above Days on Market Sold Price
$299,999
$499,999
$599,999
$699,999
$999,999
$1,499,999
Mar-24 Mar-23 0 10 20 30 40 50 60 $149,999
$150,000
$300,000
$400,000
$500,000
$600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above Days
Market
Price
and below
$299,999
$399,999
$499,999
$599,999
on
Sold
12-mth
12-mth Period: Condos 12-mth Median This Period
Median Last Period

Median Percent of Original List Price Received by Price Range: Single-Family Homes

March 2024

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)

$449,999andbelow93.2%101.3%-8.0%92.4%100.0%-7.6%

$450,000-$599,99996.8%94.9%2.0%97.4%96.8%0.6%

$600,000-$699,99998.3%95.2%3.3%97.1%98.1%-1.0%

$700,000-$799,99994.2%100.9%-6.6%98.0%100.0%-2.0%

$800,000-$899,99999.7%96.8%3.0%98.9%100.0%-1.1%

$900,000-$999,99998.1%97.7%0.4%99.0%100.0%-1.0%

$1,000,000-$1,499,99997.9%96.2%1.8%98.8%100.0%-1.2%

$1,500,000-1,999,99998.8%100.0%-1.2%98.9%100.0%-1.1%

$2,000,000-$2,999,999100.0%96.3%3.8%98.8%100.0%-1.2%

$3,000,000andabove96.3%91.4%5.4%96.0%96.9%-0.9%

All Single-Family Homes 98.3%96.7%1.7%98.5%100.0%-1.5%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

12-mth Median This Period 12-mth Median Last Period %chg
Single-Family HomesMar-24Mar-23%chg
80.0% 85.0% 90.0% 95.0% 100.0% 105.0% $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000$2,999,999 $3,000,000 and above Percent Orig. LP Received Sold Price Median Percent of Original List Price Received by Price Range 1-mth Period: Single-Family Homes Mar-24 Mar-23 80.0% 85.0% 90.0% 95.0% 100.0% 105.0% $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000$2,999,999 $3,000,000 and above Percent Orig. LP Received Sold Price Median Percent of Original List Price Received by Price Range 12-mth Period: Single-Family Homes 12-mth Median This Period 12-mth Median Last Period

Median Percent of Original List Price Received by Price Range: Condos

March 2024

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)

$149,999andbelow86.3%96.0%-10.1%92.9%96.0%-3.2%

$150,000-$299,99996.5%98.2%-1.7%97.7%98.6%-0.9%

$300,000-$399,99997.6%98.6%-1.0%98.6%100.0%-1.4%

$400,000-$499,999100.0%100.0%0.0%99.0%100.0%-1.0%

$500,000-$599,99999.0%99.3%-0.3%99.3%100.0%-0.7%

$600,000-$699,99998.6%98.5%0.1%99.0%100.0%-1.0%

$700,000-$999,99998.8%98.7%0.1%98.8%100.0%-1.2%

$1,000,000-$1,499,99993.9%95.3%-1.5%96.2%97.1%-0.9%

$1,500,000-$1,999,99995.9%95.7%0.2%96.8%96.9%-0.1%

$2,000,000andabove93.3%98.4%-5.2%95.3%95.8%-0.5%

All Condos 98.3%98.5%-0.2%98.5%100.0%-1.5%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Mar-24Mar-23%chg 12-mth Median This Period 12-mth Median Last Period %chg
Condos
75.0% 80.0% 85.0% 90.0% 95.0% 100.0% 105.0% $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above Percent Orig. LP Received Sold Price Median Percent of Original List Price Received by Price Range 1-mth Period: Condos Mar-24 Mar-23 84.0% 86.0% 88.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above Percent Orig. LP Received Sold Price Median Percent of Original List Price Received by Price Range 12-mth Period: Condos 12-mth Median This Period 12-mth Median Last Period

New Listings by Price Range: Single-Family Homes

March 2024

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

Single-Family

$449,999andbelow41300.0%302425.0%

$450,000-$599,99911837.5%80782.6%

$600,000-$699,9991012-16.7%133156-14.7%

$700,000-$799,9992425-4.0%279291-4.1%

$800,000-$899,9994053-24.5%448504-11.1%

$900,000-$999,9992634-23.5%429539-20.4%

$1,000,000-$1,499,99989890.0%1,0301,221-15.6%

$1,500,000-1,999,99942397.7%477494-3.4%

$2,000,000-$2,999,9992813115.4%267291-8.2%

$3,000,000andabove1719-10.5%228265-14.0%

All Single-Family Homes291293-0.7%3,4013,863-12.0%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

HomesMar-24Mar-23%chg 12-mth Total This Period 12-mth Total Last Period %chg
0 10 20 30 40 50 60 70 80 90 100 $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000 -
$900,000
$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000$2,999,999 $3,000,000
above
1-mth
Mar-24 Mar-23 0 200 400 600 800 1,000 1,200 1,400 $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000$2,999,999 $3,000,000
above
12-mth Period: Single-Family Homes 12-mth Total This Period 12-mth Total Last Period
$899,999
-
and
New Listings Original List Price New Listings by Price Range
Period: Single-Family Homes
and
New Listings Original List Price New Listings by Price Range

New Listings by Price Range: Condos

March 2024

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

Condos Mar-24Mar-23%chg

$149,999andbelow201625.0%175186-5.9%

$150,000-$299,99959573.5%682815-16.3%

$300,000-$399,9991046657.6%1,0001,019-1.9%

$400,000-$499,9991199229.3%1,0681,124-5.0%

$500,000-$599,999928212.2%9429400.2%

$600,000-$699,9995766-13.6%705766-8.0%

$700,000-$999,9991038521.2%1,0061,223-17.7%

$1,000,000-$1,499,999483250.0%4124081.0%

$1,500,000-$1,999,999221369.2%178188-5.3%

$2,000,000andabove23219.5%2001962.0%

All Condos 64753022.1%6,3686,865-7.2%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

12-mth Total This Period 12-mth Total Last Period %chg
0 20 40 60 80 100 120 140 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above
1-mth
Mar-24 Mar-23 0 200 400 600 800 1,000 1,200 1,400 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above
New Listings Original List Price New Listings by Price Range
Period: Condos
New Listings Original List Price
12-mth
12-mth
New Listings by Price Range 12-mth Period: Condos
Total This Period
Total Last Period

Pending Sales by Price Range: Single-Family Homes

March 2024

OAHU, HAWAII

(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth) Single-Family

$800,000-$899,999443912.8%436447-2.5%

$900,000-$999,999373119.4%358448-20.1%

$1,000,000-$1,499,99995923.3%8891,076-17.4% $1,500,000-1,999,999352920.7%3503373.9%

$2,000,000-$2,999,99918175.9%170207-17.9%

$3,000,000andabove990.0%111127-12.6%

Pending Sales

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Pending Sales by Price Range

1-mth Period: Single-Family Homes

Current List Price

Pending Sales by Price Range

12-mth Period: Single-Family Homes

Current List Price

HomesMar-24Mar-23%chg 12-mth Total This Period 12-mth Total Last Period %chg
$449,999andbelow50-2829-3.4% $450,000-$599,9991113-15.4%82776.5% $600,000-$699,999712-41.7%117149-21.5% $700,000-$799,999191618.8%2822694.8%
All Single-Family Homes 2802588.5%2,8233,166-10.8%
0 10 20 30 40 50 60 70 80 90 100 $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000$899,999 $900,000
$999,999 $1,000,000
$1,499,999 $1,500,000
$2,000,000
$3,000,000
-
-
1,999,999
$2,999,999
and above Pending Sales
0 200 400 600 800 1,000 1,200 $449,999 and below $450,000 -
-
$700,000
$800,000
$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,000
$2,000,000
$3,000,000
Mar-24 Mar-23
$599,999 $600,000
$699,999
$799,999
-
1,999,999
$2,999,999
and above
12-mth
Total This Period 12-mth Total Last Period

Pending Sales by Price Range: Condos

March 2024

OAHU, HAWAII

(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth)

Pending Sales by Price Range 1-mth Period: Condos Mar-24 Mar-23

$1,500,000-$1,999,99971

$2,000,000andabove711-36.4%8997-8.2%

All Condos 439444-1.1%4,7055,371-12.4%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Pending Sales

Current List Price

Pending Sales by Price Range

12-mth Period: Condos 12-mth Total This Period 12-mth Total Last Period

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Pending Sales

Current List Price

Mar-24Mar-23%chg 12-mth Total This Period 12-mth Total Last Period %chg
Condos
$149,999andbelow171241.7%159161-1.2% $150,000-$299,99947470.0%549664-17.3% $300,000-$399,9996678-15.4%755920-17.9% $400,000-$499,99983821.2%806931-13.4% $500,000-$599,999675913.6%746759-1.7% $600,000-$699,99943430.0%573612-6.4% $700,000-$999,999787011.4%736866-15.0% $1,000,000-$1,499,9992431-22.6%218260-16.2%
1-36.4%74101-26.7%
0 10 20 30 40 50 60 70 80 90 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999
$600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above
0 100 200 300 400 500 600 700 800 900 1,000 $149,999 and below $150,000
$400,000
$500,000
$600,000
$700,000
$1,000,000
$2,000,000
$299,999 $300,000$399,999
$499,999
$599,999
$699,999
$999,999
$1,499,999 $1,500,000$1,999,999
and above

Active Inventory* by Price Range: Single-Family Homes

March 2024

OAHU, HAWAII

(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)

Single-Family HomesMar-24Mar-23YOY chg

$449,999andbelow6450.0%

$450,000-$599,999161414.3%

$600,000-$699,9992124-12.5%

$700,000-$799,9994245-6.7%

$800,000-$899,9996176-19.7%

$900,000-$999,99952512.0%

$1,000,000-$1,499,99913311812.7%

$1,500,000-1,999,999927326.0%

$2,000,000-$2,999,999654544.4%

$3,000,000andabove93912.2%

All Single-Family Homes 5815417.4%

$449,999 and below $450,000$599,999

$600,000$699,999

$700,000$799,999 $800,000$899,999

$599,999 and below

$600,000 to $799,999

$800,000 to $999,999

$1,000,000 to $1,999,999

$2,000,000 and above

*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Active Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)
0 20 40 60 80 100 120 140
$900,000
$999,999 $1,000,000
$1,499,999 $1,500,000
1,999,999 $2,000,000
$2,999,999 $3,000,000
above Active
Current List Price
Single-Family Homes Mar-24 Mar-23 3% 13% 24% 35% 25% MAR-23
4% 11% 19% 39% 27% MAR-24
-
-
-
-
and
Listings
Active Inventory by Price Range
$599,999 and below $600,000 to $799,999 $800,000 to $999,999 $1,000,000 to $1,999,999 $2,000,000 and above

Active Inventory* by Price Range: Condos

March 2024

OAHU, HAWAII

(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)

Condos Mar-24Mar-23YOY chg

$149,999andbelow4245-6.7%

$150,000-$299,99916313818.1%

$300,000-$399,999228106115.1%

$400,000-$499,99923614562.8%

$500,000-$599,99915811833.9%

$600,000-$699,999122133-8.3%

$700,000-$999,99922920412.3%

$1,000,000-$1,499,99913510429.8%

$1,500,000-$1,999,999756515.4%

$2,000,000andabove1059411.7%

All Condos 1,4931,15229.6%

to $499,999 $500,000 to $699,999

$700,000 to $1,499,999

$1,500,000 and above

*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Active Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)
0 50 100 150 200 250 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above Active Listings Current List Price Active Inventory by Price Range Condos Mar-24 Mar-23 16% 22% 22% 26% 14% MAR-23 $299,999 and below $300,000 to $499,999 $500,000 to $699,999 $700,000 to $1,499,999 $1,500,000 and above 14% 31% 19% 24% 12% MAR-24 $299,999 and below
$300,000

Active Inventory*: Single-Family Homes and Condos

March 2024

OAHU, HAWAII

$599,999 and below

$600,000 to $799,999

$800,000 to $999,999

$1,000,000 to $1,999,999

$2,000,000 and above

$599,999 and below 1110141512810141615122418151318211715132126252522

$600,000 to $799,999 38273846595764809467656269556066687071718261585463

$800,000 to $999,999 52719399113128133157148143121115127117117130121127121143138114119134113

$1,000,000 to $1,999,999 139160193218226236251243251216207204191201209240229238233247260234235230225

$2,000,000 and above 120127133149166167171162173156146142136147144151152146152152171165170156158

Total 360395471527576596629656682597551547541535543605591598592626672600607599581

$299,999 and below

$300,000 to $499,999

$500,000 to $699,999

$700,000 to $1,499,999

$1,500,000 and above

Condos M-22A-22M-22J-22J-22A-22S-22O-22N-22D-22J-23F-23M-23A-23M-23J-23J-23A-23S-23O-23N-23D-23J-24F-24M-24

$299,999 and below 188194187199188176184183189185179185183182184177177170180196177152186185205

$300,000 to $499,999 205194219229238243263267292261277282251251252273272287314352363349386431464

$500,000 to $699,999 165161162171172196250274272245243229251244236252233243234266296264273266280

$700,000 to $1,499,999 232240253271328330317325340318329322308307289309323301304333337315343343364

$1,500,000 and above 129128118128124128127145151161168159159160157148149145162159164154160163180

Total 9199179399981,0501,0731,1411,1941,2441,1701,1961,1771,1521,1441,1181,1591,1541,1461,1941,3061,3371,2341,3481,3881,493

*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Prev

Single-Family Homes M-22A-22M-22J-22J-22A-22S-22O-22N-22D-22J-23F-23M-23A-23M-23J-23J-23A-23S-23O-23N-23D-23J-24F-24M-24
0 50 100 150 200 250 300 Mar-22 Mar-23 Mar-24 Listings Active Inventory Single-Family Homes
iousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.
0 50 100 150 200 250 300 350 400 450 500 Mar-22 Mar-23 Mar-24 Lisings
Inventory Condos
Active
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Total Inventory In Escrow* by Price Range: Single-Family Homes

March 2024

OAHU, HAWAII

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Single-Family HomesMar-24Mar-23YOY chg

$449,999andbelow7540.0%

$450,000-$599,999201811.1%

$600,000-$699,9991417-17.6%

$700,000-$799,999353112.9%

$800,000-$899,999735532.7%

$900,000-$999,999605215.4%

$1,000,000-$1,499,99914613111.5%

$1,500,000-1,999,999504122.0%

$2,000,000-$2,999,9992728-3.6%

$3,000,000andabove16156.7%

All Single-Family Homes

Total Inventory In Escrow - Percent Share by Price Range

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

$599,999 and below

$600,000 to $799,999

$800,000 to $999,999

$1,000,000 to $1,999,999

$2,000,000 and above

(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

$599,999 and below

$600,000 to $799,999

$800,000 to $999,999 $1,000,000 to $1,999,999

$2,000,000 and above

44839314.0%
0 20 40 60 80 100 120 140 160
$450,000
$599,999 $600,000
$699,999 $700,000
$800,000
$899,999 $900,000
$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000$2,999,999 $3,000,000
above
Price
Single-Family Homes Mar-24 Mar-23 6% 12% 27% 44% 11% MAR-23
$449,999 and below
-
-
$799,999
-
-
and
Active Listings Current List
Total Inventory In Escrow by Price Range
6% 11% 30% 44% 9% MAR-24

Total Inventory In Escrow* by Price Range: Condos

March 2024

OAHU, HAWAII

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Condos Mar-24Mar-23YOY chg

$149,999andbelow27258.0%

$150,000-$299,9997275-4.0%

$300,000-$399,99998106-7.5%

$400,000-$499,99911410112.9%

$500,000-$599,999988121.0%

$600,000-$699,999695819.0%

$700,000-$999,9991089711.3%

$1,000,000-$1,499,999383315.2%

$1,500,000-$1,999,9991114-21.4%

$2,000,000andabove12120.0%

All Condos 6476027.5%

Total Inventory In Escrow - Percent Share by Price Range

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

and above

(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

0 20 40 60 80 100 120
$400,000$499,999 $500,000
$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above
Condos Mar-24 Mar-23 17% 34% 23% 22% 4% MAR-23 $299,999 and below $300,000 to $499,999 $500,000
$699,999 $700,000
$1,499,999 $1,500,000
above 15% 33% 26% 23% 3% MAR-24
below
$149,999 and below $150,000$299,999 $300,000$399,999
-
Active Listings Current List Price Total Inventory In Escrow by Price Range
to
to
and
$299,999 and
$300,000 to $499,999 $500,000 to $699,999 $700,000 to $1,499,999 $1,500,000

Months Supply of Active Inventory by Price Range: Single-Family Homes

March 2024

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Single-Family HomesMar-24Mar-23YOY chg

$449,999andbelow2.02.00.0%

$450,000-$599,9993.22.339.1%

$600,000-$699,9992.12.4-12.5%

$700,000-$799,9992.22.14.8%

$800,000-$899,9991.92.3-17.4%

$900,000-$999,9991.91.435.7%

$1,000,000-$1,499,9991.91.258.3%

$1,500,000-1,999,9993.52.445.8%

$2,000,000-$2,999,9994.32.572.0%

$3,000,000andabove10.38.324.1% All

$599,999 and below

$600,000 to $799,999

$800,000 to $999,999

$1,000,000 to $1,999,999

$2,000,000 and above

Single-Family Homes 2.72.128.6% 0 3 6 9 12 $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,0001,999,999 $2,000,000
$2,999,999 $3,000,000
above Months of Inventory Current List Price
of Inventory by
Range Single-Family Homes Mar-24 Mar-23 0 2 4 6 8 Mar-22 Mar-23 Mar-24 Months of Inventory
-
and
Months Supply
Price
Months Supply of Inventory Single-Family Homes
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Months Supply of Active Inventory by Price Range: Condos

March 2024

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Condos Mar-24Mar-23YOY chg

$149,999andbelow3.23.20.0%

$150,000-$299,9993.82.552.0%

$300,000-$399,9993.71.4164.3%

$400,000-$499,9993.71.8105.6%

$500,000-$599,9992.71.758.8%

$600,000-$699,9992.72.58.0%

$700,000-$999,9993.82.552.0%

$1,000,000-$1,499,9997.54.374.4%

$1,500,000-$1,999,99910.77.248.6%

$2,000,000andabove15.010.444.2% All

Months Supply of Inventory

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

$299,999 and below

$300,000 to $499,999

$500,000 to $699,999

$700,000 to $1,499,999

$1,500,000 and above

Condos
0 3 6 9 12 15 18 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000
4.02.466.7%
and above Months of Inventory Current List Price
Condos Mar-24 Mar-23 0 2 4 6 8 10 12 14 16 Mar-22 Mar-23 Mar-24
Months Supply of Inventory by Price Range
Months of Inventory
Condos
Closed Sales Single-Family Homes and Condos OAHU, HAWAII: Jan 1987 to the Present 0 100 200 300 400 500 600 700 800 900 19871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024 Closed Sales SFH Closed Sales CONDO SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.
Jan 1987 to
Present $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 19871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024 Median Sales Price SFH Median Sales Price CONDO SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.
Median Sales Price Single-Family Homes and Condos OAHU, HAWAII:
the
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