Oahu – Single Family / Condos / Townhouse Home Market March Update
If you want data on Condos / Townhouses and Single Family Homes separately, please feel free to message me and I will break it down for you.
Additionally, if you would like community news and real estate updates on a more consistent basis please feel free to follow us on our instagram: hookele_homes_hawaii
As a real estate professional, it is important to analyze and understand key metrics in order to provide valuable insights to both buyers and sellers in the market.
Analysis:
Firstly, the Months Supply of Inventory at 5.05 indicates a balanced market where the supply of homes is relatively in line with demand. This means that there is a healthy level of inventory available for buyers to choose from, but sellers may also benefit from a competitive market.
With a Median Days Homes are On the Market of 41, we can see that homes are selling relatively quickly in this market. This may indicate strong buyer interest and competition, which could result in multiple offers and potentially higher selling prices for sellers.
The Sold to List Price Percentage of 98.5% is a positive indicator for sellers, showing that homes are typically selling close to their listing price. This suggests that sellers are pricing their homes competitively and buyers are willing to pay close to the asking price.
Finally, the Median Sold Price of $698,500 provides a benchmark for both buyers and sellers in terms of the average price of homes in the market. This can help buyers understand the affordability of homes in the area and sellers gauge the potential value of their own property.
Overall, these metrics paint a picture of a balanced and competitive real estate market, with opportunities for both buyers and sellers to make informed decisions. Buyers can expect a healthy inventory of homes to choose from, while sellers may benefit from strong demand and potential for competitive offers.
Note that the data is showing general real estate market health on Oahu, so proper Comparative Market Analysis is key – the details of a particular neighborhood, type of property, even from one block to the next can affect affect a property’s demand.
Let’s work together to make your real estate goals a reality! CONTACT US for a personalized consultation. 
