Oahu Real Estate Update - August 2022

While new listings fell 17.2% for single family homes and 15.7% for condos, active inventory increased 43.3% for single family homes and 12.9% for condos, though this lags behind pre pandemic levels. A larger share of new listings remained active at the end of the month 61% compared to 46% last August for single family homes and 59% compared to 48% for condos which is another indication of the cooling market. In both markets, properties that sold in August were on the market for a median of 13 days. Nearly half 48.7% of single family home sales closed below the original asking price compared to 22.8% a year ago. By the end of August, 13% of the newly listed properties had undergone a price reduction, compared to 4% in August 2021. Of the total active inventory at the end of the month, 38% of single family homes had experienced a price reduction at some point since being listed, compared to 19% of the active inventory one year ago. The Ewa Plain region accounted for the most price reductions at 23%, followed by the Diamond Head region at 12%, the Metro region at 11%, and the Kailua region at 10%.

Executive Summary

Most regions across O‘ahu experienced a dip in single family home sales, but this was especially prevalent in the Kāne‘ohe, where sales fell 57.8%, and in the Ewa Plain, sales dropped 35.2%. Only a few neighborhoods saw more single family home sales than a year ago, including the Central, Hawai‘i Kai, and Makakilo regions. The condo market saw sales decline across all price points and in various neighborhoods. By sales volume, the Metro area was hit the hardest with a 28.8% decrease in sales compared to a year ago, followed by the Kāne‘ohe region dropping 42.9%, the Central area dipping 25% and the Ewa Plains falling 16.9%.

MONTHLY STATS REPORT AUGUST 2 02 2

In the condo market, price reductions were not as frequent as in the single family home market, with 8% of newly listed condos undergoing a price reduction by the end of the month compared to 3% last August. Of the active inventory, 34% had experienced a price reduction at some point compared to 21% of active inventory in August 2021.

More than 300 single-family homes and more than 500 condos sold in August, which is near pre pandemic annual average closed sales per month for single family homes and above average for condos. Median sales prices remained on pace with recent months, with August’s single family home median sales price rising 7.2% year over year to $1,125,500 and the condo median sales price marking a nominal decline of 0.3% to $498,500.

Page 1 of 34

Percent of Orig. List Price Received 101.2% 101.9%-0.7%98.6%2.6% 100.0% 100.0%0.0%97.8%2.2% New Listings 3,126 3,426-8.8%3,0532.4% 5,438 5,555-2.1%4,84512.2% Pending Sales* 2,651 3,215-17.5%2,867-7.5% 4,632 *see5,129-9.7%3,22643.6% footnotesonpages9-12regardingmethodologyupdates1-yr%chg=percentchangecomparingthecurrentYTDtimeperiodtothesameYTDtimeperiodoneyearago. 2-yr%chg=percentchangecomparingthecurrentYTDtimeperiodtothesameYTDtimeperiodtwoyearsago.

Active Inventory* 596 41643.3%5763.5% 1,073 95012.9%1,0502.2% Total Inventory in Escrow* 462 727-36.5%479-3.5% 654 979-33.2%676-3.3% Months Supply of Active Inventory* 1.7 1.154.5%1.66.2% 1.8 *see1.75.9%1.75.9% footnotesonpages9-12regardingmethodologyupdatesYoY%chg=year-over-yearpercentchangecomparingcurrentmonthtothesamemonthlastyear. MoM%chg=month-over-monthpercentchangecomparingcurrentmonthtothepreviousmonth. Year-to-Date YTD-2022 YTD-20211-yr %chgYTD-20202-yr %chg YTD-2022 YTD-20211-yr %chgYTD-20202-yr %chg Closed Sales 2,580 2,972-13.2%2,34410.1% 4,722 4,783-1.3%2,84965.7% Median

Percent of Orig. List Price Received 100.0% 103.0%-2.9%100.0%0.0%

Average

Median

Average Sales Price $1,341,958

Median Sales Price $1,125,500

Monthly Indicators OAHU, AugustHAWAII2022

Price

residential

Pending Sales* 312

Aug-22 Aug-21YoY %chgJul-22MoM %chg Aug-22 Aug-21YoY %chgJul-22MoM %chg 425-26.1%3120.6% 508 675-24.7%518-1.9% $1,050,0007.2%$1,107,9441.6% $500,000-0.3%$500,000-0.3% $1,316,6811.9%$1,329,0231.0% $618,612-11.5%$590,934-7.4% 944.4%1118.2% 128.3%128.3% 100.0% 100.0%0.0%100.0%0.0% 460-17.2%386-1.3% 608 721-15.7%616-1.3% 415-24.8%2975.1% 475 617-23.0%484-1.9% Sales $1,113,500 $960,00016.0%$799,00039.4% $510,000 $465,0009.7%$430,00018.6% Sales Price $1,406,359 $1,220,75415.2%$968,83545.2% $607,932 $549,33310.7%$504,61620.5% Days on Market 10 911.1%19-47.4% 11 13-15.4%29-62.1%

Closed Sales 314

13

$498,500

Single-Family

Median Days on Market 13

Homes Condos Single-Family Homes Condos

Page 2 of 34

$547,319

New Listings 381

Page 3 of 34

Jul-214046711,075AugustSFHYoY%chgCNDYoY%chgAugustYTDSFHYoY%chgYTDCNDYoY%chg Aug-214256751,10020203702.8%409-20.1%20202,344-3.4%2,849-21.0% Sep-214246151,039202142514.9%67565.0%20212,97226.8%4,78367.9% Oct-21381611992 2022314-26.1%508-24.7% 2022 2,580-13.2%4,722-1.3% Nov-21371601972 Dec-21378593971 Jan-22326552878 Feb-22241486727 Mar-22321672993 Apr-223656721,037 May-223446881,032 Jun-22357626983 Jul-22312518830 Aug-22314

OAHU, HAWAII

August 2022

Monthly Year-to-Date Closed Sales

Closed Sales

508 822 Closed Sales Sales202020212022 Closed SalesSFH(YTD)202020212022 Closed Closed202020212022SalesCND(YTD) SalesSFH(Aug)202020212022 Closed SalesCND(Aug)

Mo-Yr Single-FamilyHomesCondosTotal Aug-19360512872 Sep-19347466813 Oct-19347472819 Nov-19320434754 Dec-19309428737 Jan-20265379644 Feb-20247316563 Mar-20303410713 Apr-20248343591 May-20248254502 Jun-20302312614 Jul-20361426787 Aug-20370409779 Sep-20391456847 Oct-20345480825 Nov-20338407745 Dec-20420514934 Jan-21291392683 Feb-21260446706 Mar-21361626987 Apr-213756451,020 May-214055981,003 Jun-214517301,181

(Acountofpropertiesthathaveclosedinagivenmonth)

(Themediansalespriceofallclosedpropertiesinagivenmonth)

Monthly Median Sales Price Year-to-Date Median Sales Price

Jul-21$992,500$475,000AugustSFHYoY%chgCNDYoY%chgAugustYTDSFHYoY%chgYTDCNDYoY%chg Aug-21$1,050,000$500,0002020$839,0006.2%$430,0002.5%2020$799,0001.8%$430,0001.2% Sep-21$1,050,000$478,0002021$1,050,00025.1%$500,00016.3%2021$960,00020.2%$465,0008.1% Oct-21$1,000,000$500,000 2022$1,125,5007.2%$498,500-0.3% 2022$1,113,50016.0%$510,0009.7% 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

Single-FamilyHomesCondos

Mo/Yr

Aug-19$790,000$419,500 Sep-19$777,000$445,000 Oct-19$780,000$441,000 Nov-19$794,750$415,000 Dec-19$820,000$425,500 Jan-20$770,000$429,000 Feb-20$765,000$430,000 Mar-20$810,000$435,000 Apr-20$809,000$450,000 May-20$797,000$399,000 Jun-20$770,000$421,500 Jul-20$815,000$440,000 Aug-20$839,000$430,000 Sep-20$880,000$445,000 Oct-20$865,000$439,500 Nov-20$872,500$420,000 Dec-20$870,000$455,000 Jan-21$883,000$452,000 Feb-21$917,500$457,500 Mar-21$950,000$451,000 Apr-21$928,000$450,000 May-21$978,000$457,750 Jun-21$979,000$460,000

August 2022 OAHU, HAWAII

MedianAug-22$1,125,500$498,500SalesPrice Price ($)202020212022 Price ($)SFH(YTD)202020212022 Price Price202020212022($)CND(YTD) ($)SFH(Aug)202020212022 Price ($)CND(Aug)

Page 4 of 34

Monthly Average Sales Price

August 2022 OAHU, HAWAII

(Theaveragesalespriceofallclosedpropertiesinagivenmonth)

Aug-19$961,456$486,234 Sep-19$952,257$545,491 Oct-19$924,895$516,273 Nov-19$1,058,258$485,383 Dec-19$983,758$576,898 Jan-20$899,689$508,395 Feb-20$974,283$527,836 Mar-20$972,367$528,606 Apr-20$941,708$521,484 May-20$1,003,419$453,220 Jun-20$899,271$481,220 Jul-20$1,016,491$475,346 Aug-20$1,022,449$527,573 Sep-20$1,073,692$545,367 Oct-20$1,065,594$479,736 Nov-20$1,084,834$472,726 Dec-20$1,113,076$504,222 Jan-21$1,050,263$496,296 Feb-21$1,172,804$545,629 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

Mo/Yr

Jul-21$1,265,382$544,064AugustSFHYoY%chgCNDYoY%chgAugustYTDSFHYoY%chgYTDCNDYoY%chg Aug-21$1,316,681$618,6122020$1,022,4496.3%$527,5738.5%2020$968,8353.0%$504,616-1.8% Sep-21$1,289,510$558,0022021$1,316,68128.8%$618,61217.3%2021$1,220,75426.0%$549,3338.9% Oct-21$1,335,171$582,509 2022$1,341,9581.9%$547,319-11.5%2022$1,406,35915.2%$607,93210.7% 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

Year-to-Date Average Sales Price

Single-FamilyHomesCondos

Page 5 of 34

AverageAug-22$1,341,958$547,319SalesPrice Price ($)202020212022 Price ($)SFH(YTD)202020212022 Price Price202020212022($)CND(YTD) ($)SFH(Aug)202020212022 Price ($)CND(Aug)

Page 6 of 34

August 2022

(DaysonMarketrepresentsthenumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted;theMedianDay

Monthly Median Days on Market Year-to-Date Median Days on Market

Median

Days on Market Days on Market202020212022 Days on MarketSFH(YTD)202020212022 Days on Days202020212022MarketCND(YTD) on MarketSFH(Aug)202020212022 Days on MarketCND(Aug)

Mo/Yr Single-FamilyHomesCondos Aug-192722 Sep-192927 Oct-192326 Nov-192326 Dec-191830 Jan-203533 Feb-203534 Mar-201523 Apr-201927 May-201323 Jun-202040 Jul-201326 Aug-201523 Sep-20921 Oct-201018 Nov-201016 Dec-201019 Jan-21918 Feb-21918 Mar-21914 Apr-21913 May-21812 Jun-21811

OAHU, HAWAII

Jul-21911AugustSFHYoY%chgCNDYoY%chgAugustYTDSFHYoY%chgYTDCNDYoY%chg Aug-21912202015-44.4%234.5%202019-13.6%2911.5% Sep-2191120219-40.0%12-47.8%20219-52.6%13-55.2% Oct-211011 20221344.4%138.3% 20221011.1%11-15.4% Nov-21119 Dec-211113 Jan-221214 Feb-221314 Mar-2299 Apr-221012 May-221010 Jun-221011 Jul-221112 Aug-2213 13

sonMarketrepresentsthemedianofallsalesinagivenmonth)

Single-FamilyHomesCondos

Percent of Original List Price

Page 7 of 34

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodindicated)

OAHU, HAWAII

Mo/Yr

Monthly Percent of Original List Price Received Year-to-Date Percent of Original List Price Received Jul-21103.9%100.0%AugustSFHYoY%chgCNDYoY%chgAugustYTDSFHYoY%chgYTDCNDYoY%chg Aug-21103.0%100.0%202098.7%0.7%98.3%0.2%202098.6%0.5%97.8%-0.1% Sep-21103.1%100.0%2021103.0%4.4%100.0%1.7%2021101.9%3.3%100.0%2.2% Oct-21102.2%100.0% 2022100.0%-2.9%100.0%0.0% 2022101.2%-0.7%100.0%0.0%

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%

Percent Received202020212022 Percent ReceivedSFH(YTD)202020212022 Percent Percent202020212022ReceivedCND(YTD) ReceivedSFH(Aug)202020212022 Percent ReceivedCND(Aug)

Received August 2022

Aug-1998.0%98.1% Sep-1998.4%97.7% Oct-1998.0%98.2% Nov-1997.8%97.8% Dec-1998.5%97.5% Jan-2097.8%97.6% Feb-2098.3%97.3% Mar-2098.7%98.1% Apr-2098.9%98.1% May-2099.0%97.8% Jun-2098.7%97.7% Jul-2098.8%97.9% Aug-2098.7%98.3% Sep-20100.0%98.6% Oct-20100.0%98.3% Nov-20100.0%99.0% Dec-20100.0%98.5% Jan-21100.7%98.8% Feb-21100.0%98.8% Mar-21100.4%99.1% Apr-21101.9%99.6% May-21101.4%100.0% Jun-21104.2%100.0%

Page 8 of 34

Aug-194847531,237 Sep-194516381,089 Oct-194616531,114 Nov-19342585927 Dec-19229450679 Jan-204286961,124 Feb-203996391,038 Mar-203906101,000 Apr-20290440730 May-20345509854 Jun-20392598990 Jul-204226571,079 Aug-203876961,083 Sep-20368576944 Oct-203806641,044 Nov-20379561940 Dec-20264466730 Jan-213656591,024 Feb-21322623945 Mar-214397151,154 Apr-214597061,165 May-214306831,113 Jun-214827841,266

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth) Mo-Yr

New Listings

residential resales

New Listings

August 2022 OAHU, HAWAII

Single-FamilyHomesCondosTotal

Monthly Year-to-Date

Jul-214696641,133AugustSFHYoY%chgCNDYoY%chgAugustYTDSFHYoY%chgYTDCNDYoY%chg Aug-214607211,1812020387-20.0%696-7.6%20203,053-22.0%4,845-19.0% Sep-214127381,150202146018.9%7213.6%20213,42612.2%5,55514.7% Oct-213767171,093 2022381-17.2%608-15.7% 20223,126-8.8%5,438-2.1% 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-22381

608 989 New Listings Listings202020212022 Closed SalesSFH(YTD)202020212022 Closed New202020212022SalesCND(YTD) ListingsSFH(Aug)202020212022 Closed SalesCND(Aug)

475 787 *Methodologyupdatedasof2021toreflectacountofpropertiesthatenteredcontractwithinthegivenmonthandremaininesc Pendingrowstatusattheendofthemonth(alsoappliedtohistoricaldatashownabove). Sales,inreportspriorto2021,reflectacountofalllistingsthatheldaPending(EN)statusthroughoutthegivenmonth. Pending Sales* Listings202020212022 Pending SalesSFH(YTD)202020212022 Pending Pending202020212022SalesCND(YTD) SalesSFH(Aug)202020212022 Pending SalesCND(Aug)

SOURCE: Honolulu REALTORS®,

August 2022 OAHU, HAWAII

(Ameasureofcontractactivityrepresentedbyacountofpropertiesthathavehadoffersacceptedonthemduringagivenmonth ) Mo/Yr

Board of

Monthly Pending Sales Year-to-Date Pending Sales

Single-FamilyHomesCondosTotal

Jul-214336581,091AugustSFHYoY%chgCNDYoY%chgAugustYTDSFHYoY%chgYTDCNDYoY%chg Aug-214156171,03220204103.5%493-1.8%20202,8670.4%3,226-18.3% Sep-213986291,02720214151.2%61725.2%20213,21512.1%5,12959.0% Oct-214006301,030 2022312-24.8%475-23.0% 20222,651-17.5%4,632-9.7% Nov-21367573940 Dec-21287511798 Jan-22315574889 Feb-22316643959 Mar-223846911,075 Apr-223666631,029 May-22356601957 Jun-22305501806 Jul-22297484781 Aug-22312

Aug-19396502898 Sep-19337443780 Oct-19349441790 Nov-19301419720 Dec-19240319559 Jan-20328405733 Feb-20357449806 Mar-20316379695 Apr-20274234508 May-20337329666 Jun-20423454877 Jul-20422483905 Aug-20410493903 Sep-20389451840 Oct-20358484842 Nov-20394470864 Dec-20315438753 Jan-21329534863 Feb-21365572937 Mar-213706561,026 Apr-214507271,177 May-214316991,130 Jun-214226661,088

Active Inventory Total Active Inventory: Single-Family Homes + Condos Mar-213791,2571,636AugustSFHYoY%chgCNDYoY%chg Apr-213811,1331,5142020565-48.0%1,792-4.1% May-213379831,3202021416-26.4%950-47.0% Jun-213771,0251,402 202259643.3%1,07312.9% 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-22596 1,073 1,669 *Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Prev

Active Inventory* August 2022 OAHU, HAWAII

Listingsiousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandESstatus. Active202020212022 ListingsSFH(Aug) Active202020212022 ListingsCND(Aug)

Single-FamilyHomesCondosTotal

Aug-191,0861,8692,955 Sep-191,0801,8922,972 Oct-191,0861,8742,960 Nov-199951,8142,809 Dec-198331,6852,518 Jan-208331,7892,622 Feb-208141,7842,598 Mar-208251,8452,670 Apr-208041,8602,664 May-207971,8582,655 Jun-206831,8152,498 Jul-206421,8132,455 Aug-205651,7922,357 Sep-205291,7422,271 Oct-205211,7152,236 Nov-205031,6452,148 Dec-204191,4591,878 Jan-214171,3961,813 Feb-213501,3321,682

(ThenumberofpropertiesinActive(A)statusattheendofthegivenmonth) Mo/Yr

Page 10 of 34

(ThenumberofpropertiesinescrowattheendofthegivenmonthcombinedlistingsinESandENstatus)

Total Inventory In Escrow Total Inventory In Escrow: Single-Family Homes + Condos Mar-216919791,670AugustSFHYoY%chgCNDYoY%chg Apr-217391,0301,769202074814.2%7973.5% May-217931,1571,9502021727-2.8%97922.8% Jun-217541,0681,822 2022462-36.5%654-33.2% 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-22462 654 1,116

OAHU, HAWAII

Mo/Yr

Single-FamilyHomesCondosTotal Aug-196557701,425 Sep-196157021,317 Oct-195836781,261 Nov-195616761,237 Dec-194585511,009 Jan-205235771,100 Feb-206087101,318 Mar-205696001,169 Apr-20543455998 May-206255251,150 Jun-207036821,385 Jul-207427141,456 Aug-207487971,545 Sep-207027691,471 Oct-206937571,450 Nov-207118001,511 Dec-205757031,278 Jan-215968371,433 Feb-216979601,657

Total Inventory In Escrow* August 2022

Page 11 of 34

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.Listings202020212022 ListingsSFH(Aug) Listings202020212022 CND(Aug)

Mar-211.23.0AugustSFHYoY%chgCNDYoY%chg Apr-211.12.520201.8-50.0%4.612.2% May-211.02.120211.1-38.9%1.7-63.0% Jun-211.02.0 20221.754.5%1.85.9% Jul-211.11.8 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 Aug-221.7 1.8

Mo/Yr

Months Supply of Active HAWAII

Single-FamilyHomesCondos

Aug-193.64.1 Sep-193.64.2 Oct-193.54.2 Nov-193.24.0 Dec-192.73.7 Jan-202.73.9 Feb-202.63.9 Mar-202.64.1 Apr-202.64.2 May-202.64.5 Jun-202.24.5 Jul-202.14.6 Aug-201.84.6 Sep-201.74.5 Oct-201.74.4 Nov-201.64.3 Dec-201.33.7 Jan-211.33.6 Feb-211.13.3

Months Supply of Active Inventory Active Inventory vs. Closed Sales

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

*Methodologyupdatedasof2021(alsoappliedtohistoricaldatashownonthischart).

Inventory* August 2022 OAHU,

MonthsofInventory,inreportspriorto2021,reflectacomparisonofactivelistingstoaveragependingsales.

Months of Inventory202020212022 Months of InventorySFH(Aug) Months202020212022 of InventoryCND(Aug)

Page 12 of 34

$1,000,000 - $1,499,999 114134-14.9%12933.3%100.0%104.7%-4.5%1191108.2%107108-0.9%1588879.5%148191-22.5%1.30.944.4%

All Single-Family $149,999CondosAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22AugHomes314425-26.1%13944.4%100.0%103.0%-2.9%381460-17.2%312415-24.8%59641643.3%462727-36.5%1.71.154.5%-21%chgandbelow 2331-25.8%462770.4%94.0%93.4%0.6%925-64.0%1222-45.5%1740-57.5%2038-47.4%1.01.9-47.4% - $299,999 63100-37.0%1420-30.0%98.5%98.2%0.3%71107-33.6%6088-31.8%159177-10.2%86148-41.9%2.12.05.0% - $399,999 7593-19.4%1113-15.4%100.0%100.0%0.0%97128-24.2%84112-25.0%115157-26.8%111178-37.6%1.31.6-18.8% - $499,999 97107-9.3%14955.6%100.0%100.5%-0.5%100112-10.7%8299-17.2%12810917.4%115175-34.3%1.21.020.0% $500,000 - $599,999 8396-13.5%1113-15.4%100.0%100.0%0.0%76109-30.3%5599-44.4%988121.0%80149-46.3%1.11.010.0% $600,000 - $699,999 6177-20.8%11837.5%100.0%100.9%-0.9%7481-8.6%5283-37.3%986160.7%66108-38.9%1.51.050.0%

$1,500,000 - $1,999,999 410-60.0%2473-67.1%95.8%94.5%1.4%10100.0%880.0%593663.9%12119.1%6.66.010.0% $2,000,000 and above 518-72.2%804386.0%99.6%94.9%5.0%211723.5%11683.3%6998-29.6%15887.5%7.714.0-45.0%

$1,000,000 - $1,499,999 2336-36.1%2713107.7%98.0%100.0%-2.0%3336-8.3%25244.2%1116473.4%2844-36.4%3.63.45.9%

(Ayear-over-yearoverviewoftheavailabilityandsalesofpropertiesinagivenmonth,bypricerange)

$300,000

$400,000

$150,000

$700,000 - $999,999 74107-30.8%12850.0%100.0%100.2%-0.2%1179621.9%867613.2%21912772.4%1211200.8%2.12.10.0%

$800,000 - $899,999 3063-52.4%16977.8%99.5%103.9%-4.2%5667-16.4%4869-30.4%7630153.3%65107-39.3%1.80.5260.0%

Housing Supply Overview August 2022 OAHU, HAWAII

$2,000,000 - $2,999,999 2531-19.4%121020.0%100.0%100.0%0.0%402937.9%272317.4%684647.8%33330.0%3.12.240.9% $3,000,000 and above 1216-25.0%2026-23.1%98.9%97.9%1.0%1929-34.5%921-57.1%99972.1%1733-48.5%5.88.1-28.4%

$900,000 - $999,999 46452.2%141040.0%100.0%103.9%-3.8%5276-31.6%3964-39.1%524030.0%6098-38.8%1.00.911.1%

Single-Family HomesAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21%chgAug-22Aug-21 %chgAug-22Aug-21%chg $449,999 and below 45-20.0%101900.0%102.9%100.0%2.9%10-35-40.0%34-25.0%814-42.9%1.00.666.7% $450,000 - $599,999 812-33.3%14955.6%97.8%100.4%-2.6%414-71.4%517-70.6%511-54.5%1534-55.9%0.70.616.7% $600,000 - $699,999 829-72.4%161323.1%98.6%100.1%-1.5%830-73.3%1427-48.1%221457.1%2564-60.9%1.70.5240.0% $700,000 - $799,999 2343-46.5%229144.4%99.2%103.6%-4.2%2854-48.1%3146-32.6%352920.7%4881-40.7%1.30.5160.0%

All SOURCE:Condos508675-24.7%13128.3%100.0%100.0%0.0%608721-15.7%475617-23.0%1,07395012.9%654979-33.2%1.81.75.9%ClosedSalesMonthsSupplyofActiveInventoryMedianDaysonMarketPercentofOriginalListPriceReceivedTotalInventoryInEscrowTotalInventoryInEscrowPendingSalesNewListingsActiveInventoryClosedSalesMonthsSupplyofActiveInventoryMedianDaysonMarketPercentofOriginalListPriceReceivedPendingSalesNewListingsActiveInventoryHonoluluBoardofREALTORS®,residentialresalescompiledfromMLSdata. ©2022.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed. Page 13 of 34

$1,500,000 - 1,999,999 4447-6.4%14955.6%98.9%103.0%-4.0%54515.9%2935-17.1%785736.8%4372-40.3%1.81.80.0%

Page 14 of 34

Single-Family HomesAug-22Aug-21%chg

Closed Sales by Price Range: Single-Family Homes August 2022 OAHU, HAWAII (Acountofpropertiesthathaveclosedinagivenmonth)

Total12-mthThisPeriod Total12-mthLastPeriod%chg $449,999andbelow45-20.0%3381-59.3% $450,000-$599,999812-33.3%86206-58.3% $600,000-$699,999829-72.4%151377-59.9% $700,000-$799,9992343-46.5%327639-48.8% $800,000-$899,9993063-52.4%508721-29.5% $900,000-$999,99946452.2%60254710.1% $1,000,000-$1,499,999114134-14.9%1,4491,13128.1% $1,500,000-1,999,9994447-6.4%51437337.8% $2,000,000-$2,999,9992531-19.4%2642515.2% $3,000,000andabove1216-25.0%20014042.9% All Single-Family Homes 314425-26.1%4,1344,466-7.4% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Honolulu Board of REALTORS®, residential resales

SOURCE: compiled from MLS data.

Closed Sales by Price Range: Condos August 2022 OAHU, HAWAII (Acountofpropertiesthathaveclosedinagivenmonth) Condos Aug-22Aug-21%chg Total12-mthThisPeriod Total12-mthLastPeriod%chg $149,999andbelow2331-25.8%209252-17.1% $150,000-$299,99963100$300,00037.0%9221,050-12.2% $400,000-$399,9997593-19.4%1,0781,183-8.9% $500,000-$499,99997107-9.3%1,2721,280-0.6% -$599,9998396$600,00013.5%1,0761,0225.3% $700,000-$699,9996177-20.8%7837287.6% -$999,99974107$1,000,00030.8%1,22373666.2% $1,500,000-$1,499,9992336-36.1%36723059.6% -$1,999,99941 $2,000,0000-60.0%1047048.6% andabove518-72.2%1088921.3% All Condos 508675-24.7%7,1426,6407.6% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Page 16 of 34

Median Days on Market by Price Range: Single-Family Homes August 2022 OAHU, HAWAII (Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted) Single-Family HomesAug-22Aug-21%chg Median12-mthThisPeriod Median12-mthLastPeriod%chg $449,999andbelow101900.0%171421.4% $450,000-$599,99914955.6%13944.4% $600,000-$699,999161323.1%10911.1% $700,000-$799,999229144.4%9812.5% $800,000-$899,99916977.8%10825.0% $900,000-$999,999141040.0%10911.1% $1,000,000-$1,499,99912933.3%10911.1% $1,500,000-1,999,99914955.6%1011-9.1% $2,000,000-$2,999,999121020.0%1218-33.3% $3,000,000andabove2026-23.1%2745-40.0% All Single-Family Homes 13944.4%10911.1% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Median Days on Market by Price Range: Condos August 2022

OAHU, HAWAII

Median12-mthLastPeriod%chg

$149,999andbelow462770.4%2853-47.2% $150,000-$299,9991420-30.0%1833-45.5% $300,000-$399,9991113-15.4%1216-25.0% $400,000-$499,99914955.6%10100.0% $500,000-$599,9991113-15.4%910-10.0% $600,000-$699,99911837.5%910-10.0% $700,000-$999,99912850.0%1012-16.7% $1,000,000-$1,499,9992713107.7%1820-10.0% $1,500,000-$1,999,9992473-67.1%1744-61.4% $2,000,000andabove804386.0%4858-17.2% All Condos 13128.3%1114-21.4%

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted) Condos Aug-22Aug-21%chg

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Median12-mthThisPeriod

Page 17 of 34

Honolulu

residential

Median Percent of Original List Price Received by Price Range: Single-Family Homes August 2022 OAHU, HAWAII (Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated) Single-Family HomesAug-22Aug-21%chg Median12-mthThisPeriod Median12-mthLastPeriod%chg $449,999andbelow102.9%100. $450,0000%2.9%97.1%100.0%-2.9% -$599,99997.8%100.4%-2 $600,000.6%100.0%100.5%-0.5% $700,000-$699,99998.6%100.1%-1.5%100.8%100.6%0.2% $800,000-$799,99999.2%103.6%-4.2%102.0%101.6%0.4% -$899,99999.5%103.9%-4 $900,000.2%102.2%102.4%-0.2% -$999,999100.0%103.9%-3.8%102.2%102.2%0.0% $1,000,000-$1,499,999100.0%104. $1,500,0007%-4.5%102.2%100.7%1.5% -1,999,99998.9%103. $2,000,0000%-4.0%101.8%100.0%1.8% -$2,999,999100.0%100. $3,000,0000%0.0%100.0%98.1%1.9% andabove98.9%97.9%1.0%97.4%96.8%0.6% All Single-Family Homes 100.0%103.0%-2.9%101.6%100.8%0.8% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Board of REALTORS®, resales compiled from MLS data.

Honolulu Board of REALTORS®, residential resales

SOURCE: compiled from MLS data.

Median Percent of Original List Price Received by Price Range: Condos August 2022 OAHU, HAWAII (Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated) Condos Aug-22Aug-21%chg Median12-mthThisPeriod Median12-mthLastPeriod%chg $149,999andbelow94.0%93. $150,0004%0.6%96.7%92.9%4.1% $300,000-$299,99998.5%98.2%0.3%98.6%97.0%1.6% $400,000-$399,999100.0%100.0%0.0%100.0%98.7%1.3% $500,000-$499,999100.0%100.5%-0.5%100.0%100.0%0.0% $600,000-$599,999100.0%100.0%0.0%100.2%100.0%0.2% $700,000-$699,999100.0%100.9%-0.9%100.8%100.0%0.8% -$999,999100.0%100.2%-0.2%100.1%100.0%0.1% $1,000,000-$1,499,99998.0%100. $1,500,0000%-2.0%98.3%98.2%0.1% -$1,999,99995.8%94. $2,000,0005%1.4%98.8%94.3%4.8% andabove99.6%94.9%5.0%95.3%95.6%-0.3% All Condos 100.0%100.0%0.0%100.0%99.6%0.4% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

All Single-Family Homes381460-17.2%4,5174,817-6.2% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

New Listings by Price Range: Single-Family Homes August 2022 OAHU, HAWAII

Total12-mthLastPeriod

Single-Family HomesAug-22Aug-21%chg

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

Total12-mthThisPeriod

%chg $449,999andbelow10-2969-58.0% $450,000-$599,999414-71.4%91221-58.8% $600,000-$699,999830-73.3%187456-59.0% $700,000-$799,9992854-48.1%382662-42.3% $800,000-$899,9995667-16.4%597741-19.4% $900,000-$999,9995276-31.6%6596029.5% $1,000,000-$1,499,9991191108.2%1,4201,08930.4% $1,500,000-1,999,99954515.9%53244419.8% $2,000,000-$2,999,999402937.9%33128018.2% $3,000,000andabove1929-34.5%28925314.2%

Page 20 of 34

OAHU, HAWAII

Page 21 of 34

All

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Total12-mthThisPeriod Total12-mthLastPeriod %chg $149,999andbelow925-64.0%198287-31.0% $150,000-$299,99971107-33.6%1,0381,270-18.3% $300,000-$399,99997128-24.2%1,2161,451-16.2% $400,000-$499,999100112-10.7%1,3861,415-2.0% $500,000-$599,99976109-30.3%1,1321,1191.2% $600,000-$699,9997481-8.6%90375819.1% $700,000-$999,9991179621.9%1,36286856.9% $1,000,000-$1,499,9993336-8.3%45534033.8% $1,500,000-$1,999,99910100.0%18112248.4% $2,000,000andabove211723.5%188192-2.1%

New Listings by Price Range: Condos August 2022

Condos 608721-15.7%8,0597,8223.0%

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth) Condos Aug-22Aug-21%chg

Page 22 of 34

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Pending Sales by Price Range: Single-Family Homes August 2022 OAHU, HAWAII (Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth) Single-Family HomesAug-22Aug-21%chg Total12-mthThisPeriod Total12-mthLastPeriod%chg $449,999andbelow35-40.0%3180-61.3% $450,000-$599,999517-70.6%103245-58.0% $600,000-$699,9991427-48.1%198496-60.1% $700,000-$799,9993146-32.6%375664-43.5% $800,000-$899,9994869-30.4%565748-24.5% $900,000-$999,9993964-39.1%64658011.4% $1,000,000-$1,499,999107108-0.9%1,3201,07722.6% $1,500,000-1,999,9992935-17.1%44639014.4% $2,000,000-$2,999,999272317.4%2452450.0% $3,000,000andabove921-57.1%17414619.2% All Single-Family Homes 312415-24.8%4,1034,671-12.2%

MLS

Honolulu Board of REALTORS®, residential resales

Pending Sales by Price Range: Condos August 2022 OAHU, HAWAII (Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth) Condos Aug-22Aug-21%chg Total12-mthThisPeriod Total12-mthLastPeriod%chg $149,999andbelow1222-45.5%208256-18.8% $150,000-$299,9996088$300,00031.8%8961,114-19.6% -$399,99984112-25. $400,0000%1,1521,296-11.1% $500,000-$499,9998299-17.2%1,3021,343-3.1% $600,000-$599,9995599-44.4%9921,062-6.6% $700,000-$699,9995283-37.3%7927416.9% -$999,999867613.2%1,07874943.9% $1,000,000-$1,499,99925244.2%33325132.7% $1,500,000-$1,999,999880.0%1077150.7% $2,000,000andabove11683.3%1158929.2% All Condos 475617-23.0%6,9756,9720.0% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: compiled from data.

Active Inventory* by Price Range: Single-Family Homes August 2022 OAHU, HAWAII (Thenumberofpropertiesactiveonmarketattheendofagivenmonth) Single-Family HomesAug-22Aug-21YOY chg $449,999andbelow34-25.0% $450,000-$599,999511-54.5% $600,000-$699,999221457.1% $700,000-$799,999352920.7% $800,000-$899,9997630153.3% $900,000-$999,999524030.0% $1,000,000-$1,499,9991588879.5% Active Inventory - Percent Share by Price Range $1,500,000(portionoftotalactivestatuslistingsrepresentedbyagivenpricerange) $2,000,000-1,999,999785736.8% $3,000,000-$2,999,999684647.8% andabove99972.1% All Single-Family Homes 59641643.3% *Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Prev status.iousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandES SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2022.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed. Page 24 of 34

Active Inventory* by Price Range: Condos August 2022 OAHU, HAWAII (Thenumberofpropertiesactiveonmarketattheendofagivenmonth) Condos Aug-22Aug-21YOY chg $149,999andbelow1740-57.5% $150,000-$299,999159177-10.2% $300,000-$399,999115157-26.8% $400,000-$499,99912810917.4% $500,000-$599,999988121.0% $600,000-$699,999986160.7% $700,000-$999,99921912772.4% Active Inventory - Percent Share by Price Range $1,000,000(portionoftotalactivestatuslistingsrepresentedbyagivenpricerange) $1,500,000-$1,499,9991116473.4% $2,000,000-$1,999,999593663.9% andabove6998-29.6% All Condos 1,07395012.9% *Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Prev status.iousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandES SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2022.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed. Page 25 of 34

Active Inventory*: Single-Family Homes and Condos August 2022 OAHU, Single-FamilyHAWAIIHomes 565529521503419417350379381337377415416437401366309311348360395471527576596 Condos *Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Prev Listingsiousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandESstatus. Lisings SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2022.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed. Page 26 of 34

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Page 27 of 34

Inventory

Total Inventory In Escrow* by Price Range: Single-Family Homes August 2022 OAHU, HAWAII

Escrow

Total In - Percent Share by Price Range $1,500,000-1,999,9994372-40.3% $2,000,000-$2,999,99933330.0% $3,000,000andabove1733-48.5%

Single-Family HomesAug-22Aug-21YOY chg $449,999andbelow814-42.9% $450,000-$599,9991534-55.9% $600,000-$699,9992564-60.9% $700,000-$799,9994881-40.7% $800,000-$899,99965107-39.3% $900,000-$999,9996098-38.8% $1,000,000-$1,499,999148191-22.5%

All Single-Family Homes 462727-36.5%

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

All Condos 654979-33.2%

Inventory In Escrow - Percent Share by Price Range $1,000,000-$1,499,9992844-36.4% $1,500,000-$1,999,99912119.1%

Page 28 of 34

Total Inventory In Escrow* by Price Range: Condos August 2022 OAHU, HAWAII (Thenumberofpropertiesinanescrowstatusattheendofagivenmonth) Condos Aug-22Aug-21YOY chg $149,999andbelow2038-47.4% $150,000-$299,99986148-41.9% $300,000-$399,999111178-37.6% $400,000-$499,999115175-34.3% $500,000-$599,99980149-46.3% $600,000-$699,99966108-38.9% $700,000-$999,9991211200.8%

Total $2,000,000andabove15887.5%

Single-Family chg $450,000-$599,9990.70.616.7% $600,000-$699,9991.70.5240.0% $700,000-$799,9991.30.5160.0% $800,000-$899,9991.80.5260.0% $900,000-$999,9991.00.911.1% $1,000,000-$1,499,9991.30.944.4% $1,500,000-1,999,9991.81.80.0% $2,000,000-$2,999,9993.12.240.9% $3,000,000andabove5.88.1-28.4%

$449,999andbelow1.00.666.7%

Page 29 of 34

All Single-Family Homes 1.71.154.5% Months of Inventory

Months Supply of Active Inventory by Price Range: Single-Family Homes August 2022 OAHU, HAWAII (Comparesactiveinventorytoarolling12-monthaverageclosedsales)

HomesAug-22Aug-21YOY

Months of Inventory

Months Supply of Active Inventory by Price Range: Condos August 2022 OAHU, HAWAII

All Condos 1.81.75.9%

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

$149,999andbelow1.01.9-47.4% $150,000-$299,9992.12.05.0% $300,000-$399,9991.31.6-18.8% $400,000-$499,9991.21.020.0% $500,000-$599,9991.11.010.0% $600,000-$699,9991.51.050.0% $700,000-$999,9992.12.10.0% $1,000,000-$1,499,9993.63.45.9% $1,500,000-$1,999,9996.66.010.0% $2,000,000andabove7.714.0-45.0%

Page 30 of 34

Condos Aug-22Aug-21YOY chg

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