Oahu Real Estate Update - January 2023 by List Sotheby's International Realty Hawaii

Executive Summary

The new year begins with closed sales of O‘ahu properties falling significantly year-over-year, with singlefamily homes dropping 54.0% and condos declining 50.2%. After 17 consecutive months of single-family home prices reaching $1,000,000 or more, January ended with a single-family home median sales price of $970,000, representing a 7.6% decline compared to January 2022. The condo market also saw the median sales price dip 2.9% to $495,000.

At the end of the month, average mortgage rates continued to hover in the low 6% range, which is roughly 2.5 points higher than this time last year. Month-to-month mortgage rates drifted slightly down, and as the holiday season came to a close, pending sales picked up. However, the number of contract signings decreased year-over-year, falling 15.2% for single-family homes and 34.1% for condos.

Properties are spending a median of 24 days on the market, roughly double the time compared to last year when the median for single-family homes was 12 days, and the condo median was 14 days. New listings are also slowing, dropping 16.3% for single-family homes and 21.5% for condos. Despite this, active inventory continues to grow compared to 2022, up 77.2% in the single-family home market and 23.7% in the condo market.

In January, around 37% of single-family homes closed at the full original asking price or more, compared to 73% of sales last January. The same is true for condos, where approximately 39% of condo sales closed at the full original asking price or more, compared to 57% of condo sales in January 2022.

In January, the single-family home market saw property sales in all price points decline, though the $1,500,000 and above range sustained the sharpest decline of 73.0% year-over-year. Meanwhile, condos in the $500,000 to $599,999 range represented the most significant drop in sales, decreasing 63.0%. The $100,000 to $199,999 price tier for condos was the only price range to see an increase in sales, up 26.7%.

Across O‘ahu, no regions experienced positive sales growth for single-family homes, though Kāne‘ohe and Pearl City marked steady sales of 16 and 14 properties, respectively, unchanged from one year ago. Most regions recorded a decline of 50% or more for single-family home sales year-over-year, with the ‘Ewa Plain seeing the most significant decrease of 70.7%.

In the condo market, most sales occurred in the Metro region, though this was still a decrease in overall activity representing a 48.1% decline in sales compared to January 2022. The Central region, stretching from Mililani to Wahiawa, also experienced a substantial 60.4% decline in closed sales.

Collectively, the $700,000 to $999,999 price range in the single-family home market saw the largest increase in active inventory, with 92 more listings than in January 2022. Most regions on O‘ahu experienced more activity inventory, with the ‘Ewa Plain and Leeward regions accounting for the greatest share of those increases, while the North Shore recorded a 9.4% decline

Condos marked a 23.7% increase in active inventory, though the number of active listings in the $200,000 to $399,999 price range fell 12.7% year-over-year. All other price tiers saw active inventory rise, with the $600,000 to $799,999 range increasing 71.1% and the $1,000,000 to $1,999,999 range up 56.6%.

MONTHLY

JANUARY 2 02 3

STATS REPORT

Oahu Monthly Housing Statistics

January 2023 SINGLE-FAMILY

Median Sales Price YoY %chg Monthly Indicators 2 Closed Sales3 $970,000-7.6% Median Sales Price 4 Average Sales Price 5 Closed Sales YoY %chg Median Days on Market6 Percent of Original List Price Received7 150 -54.0% New Listings 8 Pending Sales 9 Average Sales Price YoY %chg Active Inventory10 Total Inventory In Escrow11 $1,139,294-10.8% Months Supply of Active Inventory 12 Housing Supply Overview 13 Closed Sales (by price range)14-15 Median Days on Market (by price range) 16-17 Median Sales Price YoY %chg Percent of Original List Price Received (by price range)18-19 New Listings (by price range)20-21 $495,000-2.9% Pending Sales (by price range) 22-23 Active Inventory (by price range) 24-25 Closed Sales YoY %chg Active Inventory History26 Total Inventory In Escrow (by price range)27-28 275 -50.2% Months Supply of Active Inventory (by price range) 29-30 Average Sales Price YoY %chg Historical Graphs 31-32 $633,441+1.5% Price Graphs 33-34 YoY % chg = year-over-year percent change comparing current month to the same month last year.

Honolulu Board of REALTORS®, residential resales data compiled from HiCentral MLS,

SOURCE:

Ltd.®

HOMES

Monthly Indicators

*seefootnotesonpages9-12regardingmethodologyupdatesYoY%chg=year-over-yearpercentchangecomparingcurrentmonthtothesamemonthlastyear. MoM%chg=month-over-monthpercentchangecomparingcurrentmonthtothepreviousmonth.

*seefootnotesonpages9-12regardingmethodologyupdates1-yr%chg=percentchangecomparingthecurrentYTDtimeperiodtothesameYTDtimeperiodoneyearago. 2-yr%chg=percentchangecomparingthecurrentYTDtimeperiodtothesameYTDtimeperiodtwoyearsago.

January 2023 Jan-23 Jan-22YoY %chgDec-22MoM %chg Jan-23 Jan-22YoY %chgDec-22MoM %chg Closed Sales 150 326-54.0%202-25.7% 275 552-50.2%360-23.6% Median Sales Price $970,000 $1,050,000-7.6%$1,049,500-7.6% $495,000 $510,000-2.9%$502,500-1.5% Average Sales Price $1,139,294 $1,277,309-10.8%$1,325,156-14.0% $633,441 $623,9281.5%$576,6899.8% Median Days on Market 24 12100.0%25-4.0% 24 1471.4%2114.3% Percent of Orig. List Price Received 95.9% 101.6%-5.6%96.7%-0.8% 98.4% 100.0%-1.6%98.5%-0.1% New Listings 268 320-16.3%16463.4% 523 666-21.5%37141.0% Pending Sales* 267 315-15.2%16858.9% 378 574-34.1%28930.8% Active Inventory* 551 31177.2%597-7.7% 1,196 96723.7%1,1702.2% Total Inventory in Escrow* 376 498-24.5%27835.3% 523 797-34.4%43021.6% Months Supply of Active Inventory* 2.0 0.8150.0%2.1-4.8% 2.4 1.650.0%2.29.1%

OAHU, HAWAII

Year-to-Date YTD-2023 YTD-20221-yr %chgYTD-20212-yr %chg YTD-2023 YTD-20221-yr %chgYTD-20212-yr %chg Closed Sales 150 326-54.0%291-48.5% 275 552-50.2%392-29.8% Median Sales Price $970,000 $1,050,000-7.6%$883,0009.9% $495,000 $510,000-2.9%$452,0009.5% Average Sales Price $1,139,294 $1,277,309-10.8%$1,050,2638.5% $633,441 $623,9281.5%$496,29627.6% Median Days on Market 24 12100.0%9166.7% 24 1471.4%1833.3% Percent of Orig. List Price Received 95.9% 101.6%-5.6%100.7%-4.8% 98.4% 100.0%-1.6%98.8%-0.4% New Listings 268 320-16.3%365-26.6% 523 666-21.5%659-20.6% Pending Sales* 267 315-15.2%329-18.8% 378 574-34.1%534-29.2%

Single-Family Homes Condos Single-Family Homes Condos

OAHU,

(Acountofpropertiesthathaveclosedinagivenmonth) Mo-Yr

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

January 2023

HAWAII

Single-Family HomesCondosTotal

Jan-20265379644

Oct-21381611992 Nov-21371601972 Monthly Closed Sales Year-to-Date Closed Sales Dec-21378593971JanuarySFHYoY%chgCNDYoY%chgJanuaryYTDSFHYoY%chgYTDCNDYoY%chg Jan-2232655287820212919.8%3923.4%20212919.8%3923.4% Feb-22241486727202232612.0%55240.8%202232612.0%55240.8% Mar-22321672993 2023150-54.0%275-50.2% 2023150-54.0%275-50.2% Apr-223656721,037 May-223446881,032 Jun-22357626983 Jul-22312518830 Aug-22314508822 Sep-22278496774 Oct-22222435657 Nov-22192340532 Dec-22202360562 Jan-23150 275 425

0 100 200 300 400 500 600 700 800 Sales Closed Sales Single-Family Homes Condos 0 100 200 300 400 202120222023 Closed Sales SFH(YTD) 0 100 200 300 400 500 600 202120222023 Closed Sales CND(YTD) 0 100 200 300 400 202120222023 Closed Sales SFH(Jan) 0 100 200 300 400 500 600 202120222023 Closed Sales CND(Jan)

Jun-214517301,181 Jul-214046711,075 Aug-214256751,100 Sep-214246151,039

Closed Sales

Median Sales Price

January 2023

OAHU, HAWAII

(Themediansalespriceofallclosedpropertiesinagivenmonth)

Mo/Yr Single-Family HomesCondos

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

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

Monthly Median Sales Price Year-to-Date Median Sales Price Dec-21$1,050,000$485,000JanuarySFHYoY%chgCNDYoY%chgJanuaryYTDSFHYoY%chgYTDCNDYoY%chg Jan-22$1,050,000$510,0002021$883,00014.7%$452,0005.4%2021$883,00014.7%$452,0005.4% Feb-22$1,125,000$497,0002022$1,050,00018.9%$510,00012.8%2022$1,050,00018.9%$510,00012.8% Mar-22$1,150,000$515,500 2023$970,000-7.6%$495,000-2.9% 2023$970,000-7.6%$495,000-2.9% 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

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Price ($) Median Sales Price

0K 200K 400K 600K 800K 1.0M 1.2M 202120222023 Price ($) SFH(YTD) 0K 100K 200K 300K 400K 500K 600K 202120222023 Price ($) CND(YTD) 0K 200K 400K 600K 800K 1.0M 1.2M 202120222023 Price ($) SFH(Jan) 0K 100K 200K 300K 400K 500K 600K 202120222023 Price ($) CND(Jan)

Single-Family Homes Condos

Average Sales Price

January 2023

OAHU, HAWAII

(Theaveragesalespriceofallclosedpropertiesinagivenmonth)

Mo/Yr Single-Family HomesCondos

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

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 Monthly Average Sales Price Year-to-Date Average Sales Price Dec-21$1,303,481$604,749JanuarySFHYoY%chgCNDYoY%chgJanuaryYTDSFHYoY%chgYTDCNDYoY%chg Jan-22$1,277,309$623,9282021$1,050,26316.7%$496,296-2.4%2021$1,050,26316.7%$496,296-2.4% Feb-22$1,486,088$583,3672022$1,277,30921.6%$623,92825.7%2022$1,277,30921.6%$623,92825.7% Mar-22$1,570,668$623,684 2023$1,139,294-10.8%$633,4411.5% 2023$1,139,294 -10.8%$633,4411.5% 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

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 Price ($)

Sales Price Single-Family Homes Condos 0K 500K 1.0M 1.5M 202120222023 Price ($) SFH(YTD) 0K 200K 400K 600K 800K 202120222023 Price ($) CND(YTD) 0K 500K 1.0M 1.5M 202120222023 Price ($) SFH(Jan) 0K 200K 400K 600K 800K 202120222023 Price ($) CND(Jan)

Average

Median Days on Market

January 2023

OAHU, HAWAII

(DaysonMarketrepresentsthenumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted;theMedianDaysonMarketrepresentsthemedianofallsalesinagivenmonth) Mo/Yr

Single-Family HomesCondos

Jul-21911 Aug-21912 Sep-21911 Oct-211011 Nov-21119 Monthly Median Days on Market Year-to-Date Median Days on Market Dec-211113JanuarySFHYoY%chgCNDYoY%chgJanuaryYTDSFHYoY%chgYTDCNDYoY%chg Jan-22121420219-74.3%18-45.5%20219-74.3%18-45.5% Feb-22131420221233.3%14-22.2%20221233.3%14-22.2% Mar-2299 202324100.0%2471.4% 202324100.0%2471.4% Apr-221012 May-221010 Jun-221011 Jul-221112 Aug-221313 Sep-221814 Oct-221919 Nov-221818 Dec-222521 Jan-2324 24

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

0 5 10 15 20 25 30 35 40 45 Days on Market Median Days on Market Single-Family Homes Condos 0 5 10 15 20 25 30 202120222023 Days on Market SFH(YTD) 0 5 10 15 20 25 30 202120222023 Days on Market CND(YTD) 0 5 10 15 20 25 30 202120222023 Days on Market SFH(Jan) 0 5 10 15 20 25 30 202120222023 Days on Market CND(Jan)

Percent of Original List Price Received

January 2023

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodindicated)

Mo/Yr Single-Family HomesCondos

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%

Jul-21103.9%100.0%

Percent of Original List Price Received

Monthly Percent of Original List Price Received Year-to-Date Percent of Original List Price Received Dec-21102.1%100.0%JanuarySFHYoY%chgCNDYoY%chgJanuaryYTDSFHYoY%chgYTDCNDYoY%chg Jan-22101.6%100.0%2021100.7%3.0%98.8%1.2%2021100.7%3.0%98.8%1.2% Feb-22100.8%100.0%2022101.6%0.9%100.0%1.2%2022101.6%0.9%100.0%1.2% Mar-22102.0%100.0% 202395.9%-5.6%98.4%-1.6% 202395.9%-5.6%98.4%-1.6% 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% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% Percent Received

Aug-21103.0%100.0% Sep-21103.1%100.0% Oct-21102.2%100.0% Nov-21102.2%100.0%

Single-Family Homes Condos 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202120222023 Percent Received SFH(YTD) 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202120222023 Percent Received CND(YTD) 95.0% 97.0% 99.0% 101.0% 103.0% 202120222023 Percent Received SFH(Jan) 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202120222023 Percent Received CND(Jan)

New Listings

January 2023

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

Mo-Yr Single-Family HomesCondosTotal

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

Jul-214696641,133

Aug-214607211,181

Sep-214127381,150

Oct-213767171,093 Nov-21358639997

Aug-22381608989

Sep-22304601905

Oct-22285532817

Nov-22289526815

Dec-22164371535

Jan-23268 523 791

Monthly New Listings Year-to-Date New Listings Dec-21245527772JanuarySFHYoY%chgCNDYoY%chgJanuaryYTDSFHYoY%chgYTDCNDYoY%chg Jan-223206669862021365-14.7%659-5.3%2021365-14.7%659-5.3% Feb-223677391,1062022320-12.3%6661.1%2022320-12.3%6661.1% Mar-224127141,126 2023268-16.3%523-21.5% 2023268-16.3%523-21.5% Apr-224247221,146

May-224456871,132 Jun-223916861,077 Jul-223866161,002

0 100 200 300 400 500 600 700 800 900 Listings New Listings Single-Family Homes Condos 0 100 200 300 400 202120222023 Closed Sales SFH(YTD) 0 200 400 600 800 202120222023 Closed Sales CND(YTD) 0 100 200 300 400 202120222023 New Listings SFH(Jan) 0 200 400 600 800 202120222023 Closed Sales CND(Jan)

Pending Sales*

January 2023

OAHU, HAWAII

(Ameasureofcontractactivityrepresentedbyacountofpropertiesthathavehadoffersacceptedonthemduringagivenmonth )

Mo/Yr Single-Family HomesCondosTotal

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

Jul-214336581,091

Aug-214156171,032

Sep-213986291,027

Jul-22297484781

Aug-22312475787

Sep-22224436660

Oct-22198342540

Nov-22198359557

Dec-22168289457

Jan-23267 378 645

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

Monthly Pending Sales Year-to-Date Pending Sales

Jan-2231557488920213290.3%53431.9%20213290.3%53431.9% Feb-223166439592022315-4.3%5747.5%2022315-4.3%5747.5% Mar-223846911,075 2023267-15.2%378-34.1% 2023267-15.2%378-34.1% Apr-223666631,029

Oct-214006301,030 Nov-21367573940

Dec-21287511798JanuarySFHYoY%chgCNDYoY%chgJanuaryYTDSFHYoY%chgYTDCNDYoY%chg

May-22356601957 Jun-22305501806

0 100 200 300 400 500 600 700 800 Listings Pending Sales Single-Family Homes Condos 0 50 100 150 200 250 300 350 202120222023 Pending Sales SFH(YTD) 0 100 200 300 400 500 600 700 202120222023 Pending Sales CND(YTD) 0 50 100 150 200 250 300 350 202120222023 Pending Sales SFH(Jan) 0 100 200 300 400 500 600 700 202120222023 Pending Sales CND(Jan)

Active Inventory*

January 2023

OAHU, HAWAII

(ThenumberofpropertiesinActive(A)statusattheendofthegivenmonth)

Mo/Yr Single-Family HomesCondosTotal

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

Mar-213791,2571,636

Apr-213811,1331,514

May-213379831,320

Jun-213771,0251,402

Jul-214159691,384

Jan-23551 1,196 1,747

*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.

SOURCE:

Active Inventory

Aug-214169501,366JanuarySFHYoY%chgCNDYoY%chg Sep-214371,0301,4672021417-49.9%1,396-22.0% Oct-214011,0391,4402022311-25.4%967-30.7% Nov-213661,0331,399 202355177.2%1,19623.7% Dec-213099461,255

Jun-225279981,525

Total Active Inventory: Single-Family Homes + Condos

Jan-223119671,278 Feb-223489891,337 Mar-223609191,279 Apr-223959171,312 May-224719391,410

Jul-225761,0501,626 Aug-225961,0731,669 Sep-226291,1411,770 Oct-226561,1941,850

Nov-226821,2441,926 Dec-225971,1701,767

0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Listings Active Inventory Single-Family Homes Condos 0 200 400 600 Active202120222023 Listings SFH(Jan) 0 500 1,000 1,500 Active202120222023 Listings CND(Jan) 0 500 1,000 1,500 2,000 2,500 3,000 Jan-20Jan-21Jan-22Jan-23 Listings Total Active Inventory Single-Family Homes + Condos Single-Family Homes Condos

Total Inventory In Escrow*

January 2023

OAHU, HAWAII

(Thenumberofpropertiesundercontractattheendofthegivenmonth/combinedlistingsinCandPstatus)

Mo/Yr Single-Family HomesCondosTotal

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

Mar-216919791,670

Apr-217391,0301,769

May-217931,1571,950

Jun-217541,0681,822

Jul-217351,0261,761

Total Inventory In Escrow

Total Inventory In Escrow: Single-Family Homes + Condos

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-22345506851

Nov-22319512831

Dec-22278430708

Jan-23376 523 899

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

Aug-217279791,706JanuarySFHYoY%chgCNDYoY%chg Sep-216609511,611202159614.0%83745.1% Oct-216639351,5982022498-16.4%797-4.8% Nov-216378991,536 2023376-24.5%523-34.4% Dec-215287841,312

0 200 400 600 800 1,000 1,200 1,400 Listings

Inventory In Escrow Single-Family Homes Condos 0 500 1,000 202120222023 Listings SFH(Jan) 0 500 1,000 202120222023 Listings CND(Jan) 0 500 1,000 1,500 2,000 2,500 Jan-20Jan-21Jan-22Jan-23 Listings

Inventory In Escrow Single-Family Homes + Condos Single-Family Homes Condos

Total

Months Supply of Active Inventory*

January 2023

OAHU, HAWAII (Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Mo/Yr Single-Family HomesCondos

Jan-202.73.9

Feb-202.63.9

Mar-202.64.1

Apr-202.64.2

Months

Jul-211.11.8 Months Supply of Active Inventory Active Inventory vs. Closed Sales Aug-211.11.7JanuarySFHYoY%chgCNDYoY%chg

*Methodologyupdatedasof2021(alsoappliedtohistoricaldatashownonthischart). MonthsofInventory,inreportspriorto2021,reflectacomparisonofactivelistingstoaveragependingsales.

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 Mar-211.23.0 Apr-211.12.5 May-211.02.1 Jun-211.02.0

Sep-211.21.820211.3-51.9%3.6-7.7% Oct-211.11.820220.8-38.5%1.6-55.6% Nov-211.01.7 20232.0150.0%2.450.0% Dec-210.81.6 Jan-220.81.6 Feb-220.91.6 Mar-221.01.5

Jun-221.51.6 Jul-221.61.7 Aug-221.71.8 Sep-221.92.0 Oct-222.12.1 Nov-222.22.3 Dec-222.12.2

Apr-221.11.5 May-221.31.5

Jan-232.0 2.4

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 Months of Inventory

Single-Family Homes Condos 0 1 2 3 Months202120222023 of Inventory SFH(Jan) 0 2 4 Months202120222023 of Inventory CND(Jan) 0 200 400 600 800 1,000 Jan-20Jan-21Jan-22Jan-23 Sales/Listings Single-Family Homes Active Closed 0 500 1,000 1,500 2,000 Jan-20Jan-21Jan-22Jan-23 Sales/Listings Condos Active Closed

Supply of Active Inventory

Housing Supply Overview

January 2023

OAHU, HAWAII

(Ayear-over-yearoverviewoftheavailabilityandsalesofpropertiesinagivenmonth,bypricerange)

Single-Family HomesJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22 %chgJan-23Jan-22%chg $449,999 and below 61500.0%133333.3%91.7%61.7%48.6%13-66.7%440.0%41300.0%9728.6%2.00.2900.0% $450,000 - $599,999 47-42.9%630-80.0%97.7%104.0%-6.1%7540.0%89-11.1%8714.3%1721-19.0%1.30.6116.7% $600,000 - $699,999 1112-8.3%17166.3%100.0%100.6%-0.6%1016-37.5%1417-17.6%246300.0%2228-21.4%2.70.3800.0% $700,000 - $799,999 1741-58.5%3810280.0%94.3%101.6%-7.2%2126-19.2%1626-38.5%4116156.3%3138-18.4%2.10.4425.0% $800,000 - $899,999 2437-35.1%3311200.0%96.5%102.5%-5.9%3441-17.1%43414.9%6324162.5%5561-9.8%1.90.4375.0% $900,000 - $999,999 1946-58.7%3310230.0%95.4%102.0%-6.5%3448-29.2%4145-8.9%583093.3%5472-25.0%1.50.6150.0% $1,000,000 - $1,499,999 50112-55.4%161233.3%97.2%102.4%-5.1%8897-9.3%83100-17.0%14164120.3%102149-31.5%1.40.6133.3% $1,500,000 - 1,999,999 1345-71.1%2226-15.4%94.2%98.4%-4.3%3338-13.2%2628-7.1%664740.4%3354-38.9%1.91.258.3% $2,000,000 - $2,999,999 215-86.7%10911.1%99.1%100.4%-1.3%1825-28.0%1520-25.0%534323.3%2731-12.9%2.91.770.6% $3,000,000 and above 410-60.0%16139312.8%81.7%97.3%-16.0%22214.8%1725-32.0%937327.4%2637-29.7%7.24.946.9% All Single-Family Homes150326-54.0%2412100.0%95.9%101.6%-5.6%268320-16.3%267315-15.2%55131177.2%376498-24.5%2.00.8150.0% Condos Jan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chgJan-23Jan-22%chg $149,999 and below 815-46.7%2930-3.3%94.5%100.0%-5.5%1323-43.5%723-69.6%393414.7%2035-42.9%2.61.662.5% $150,000 - $299,999 3263-49.2%1923-17.4%98.2%98.3%-0.1%5179-35.4%4180-48.8%140154-9.1%64114-43.9%2.31.643.8% $300,000 - $399,999 4686-46.5%201353.8%98.9%98.8%0.1%88107-17.8%6994-26.6%123137-10.2%101128-21.1%1.51.47.1% $400,000 - $499,999 5798-41.8%201353.8%100.0%100.0%0.0%83109-23.9%67108-38.0%15411336.3%90146-38.4%1.81.080.0% $500,000 - $599,999 3492-63.0%349277.8%99.2%100.0%-0.8%61114-46.5%5269-24.6%11710610.4%6389-29.2%1.61.233.3% $600,000 - $699,999 3448-29.2%449388.9%97.1%101.6%-4.4%5867-13.4%4964-23.4%1267763.6%6392-31.5%2.31.1109.1% $700,000 - $999,999 4095-57.9%281675.0%98.0%100.6%-2.6%9599-4.0%5785-32.9%21514152.5%77113-31.9%2.41.741.2% $1,000,000 - $1,499,999 1540-62.5%2430-20.0%96.6%96.4%0.2%3141-24.4%2331-25.8%1147552.0%3148-35.4%4.42.763.0% $1,500,000 - $1,999,999 25-60.0%32165250.0%91.9%96.0%-4.3%201442.9%710-30.0%774763.8%718-61.1%8.66.728.4% $2,000,000 and above 710-30.0%15151-90.1%100.0%93.9%6.5%231376.9%610-40.0%91839.6%714-50.0%10.19.29.8% All Condos275552-50.2%241471.4%98.4%100.0%-1.6%523666-21.5%378574-34.1%1,19696723.7%523797-34.4%2.41.650.0% 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

Closed Sales by Price Range: Single-Family Homes

January 2023

OAHU, HAWAII

(Acountofpropertiesthathaveclosedinagivenmonth)

$449,999andbelow61500.0%2554-53.7%

$450,000-$599,99947-42.9%70144-51.4%

$600,000-$699,9991112-8.3%103271-62.0%

$700,000-$799,9991741-58.5%241515-53.2%

$800,000-$899,9992437-35.1%412671-38.6%

$900,000-$999,9991946-58.7%463597-22.4%

$1,000,000-$1,499,99950112-55.4%1,2111,362-11.1%

$1,500,000-1,999,9991345-71.1%409472-13.3%

$2,000,000-$2,999,999215-86.7%210299-29.8%

$3,000,000andabove410-60.0%154176-12.5%

All Single-Family Homes 150326-54.0%3,2984,561-27.7%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

HomesJan-23Jan-22%chg 12-mth Total This Period 12-mth Total Last Period%chg

Single-Family

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 and above Closed Sales Sold Price Closed Sales by Price

1-mth Period: Single-Family Homes Jan-23 Jan-22 0 200 400 600 800 1,000 1,200 1,400 1,600 $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 Closed Sales by Price Range 12-mth Period: Single-Family Homes 12-mth Total This Period 12-mth Total Last Period

Range

Closed Sales by Price Range: Condos January 2023

OAHU, HAWAII (Acountofpropertiesthathaveclosedinagivenmonth)

$149,999andbelow815-46.7%179257-30.4%

$150,000-$299,9993263-49.2%7481,126-33.6%

$300,000-$399,9994686-46.5%9551,189-19.7%

$400,000-$499,9995798-41.8%1,0451,337-21.8%

$500,000-$599,9993492-63.0%9031,073-15.8%

$600,000-$699,9993448-29.2%669833-19.7%

$700,000-$999,9994095-57.9%1,0551,0153.9%

$1,000,000-$1,499,9991540-62.5%308333-7.5%

$1,500,000-$1,999,99925-60.0%1048818.2%

$2,000,000andabove710-30.0%110112-1.8%

All Condos 275552-50.2%6,0767,363-17.5% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Condos Jan-23Jan-22%chg 12-mth Total This Period 12-mth Total Last Period%chg

0 20 40 60 80 100 120 $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 Jan-23 Jan-22 0 200 400 600 800 1,000 1,200 1,400 1,600 $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 January 2023

OAHU, HAWAII

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted) Single-Family

$449,999andbelow133333.3%815-46.7%

$450,000-$599,999630-80.0%14955.6%

$600,000-$699,99917166.3%151050.0%

$700,000-$799,9993810280.0%13944.4%

$800,000-$899,9993311200.0%12933.3%

$900,000-$999,9993310230.0%12933.3%

$1,000,000-$1,499,999161233.3%11922.2%

Median Days on Market by Price Range

1-mth Period: Single-Family Homes

$3,000,000andabove16139312.8%2937-21.6%

All Single-Family Homes 2412100.0%12933.3%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Median Days on Market by Price Range

HomesJan-23Jan-22%chg 12-mth Median This Period 12-mth Median Last Period%chg

$1,500,000-1,999,9992226-15.4%121020.0% $2,000,000-$2,999,99910911.1%1213-7.7%

0 20 40 60 80 100 120 140 160 180 $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 Days on Market Sold Price

Jan-23 Jan-22 0 5 10 15 20 25 30 35 40 $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 Days on Market Sold Price

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

12-mth Period: Single-Family

Median Days on Market by Price Range: Condos

January 2023

OAHU, HAWAII

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted)

Median Days on Market

$149,999andbelow2930-3.3%2838-26.3%

$150,000-$299,9991923-17.4%1825-28.0%

$300,000-$399,999201353.8%1314-7.1%

$400,000-$499,999201353.8%111010.0%

$500,000-$599,999349277.8%10911.1%

$600,000-$699,999449388.9%12933.3%

$700,000-$999,999281675.0%111010.0%

$1,000,000-$1,499,9992430-20.0%211816.7%

$1,500,000-$1,999,99932165250.0%2939-25.6%

$2,000,000andabove15151-90.1%4050-20.0%

All Condos 241471.4%13128.3%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Median

Condos Jan-23Jan-22%chg 12-mth Median This Period 12-mth Median Last Period%chg

0 50 100 150 200 250 300 350 $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 Days on Market Sold Price

Price Range 1-mth Period: Condos Jan-23 Jan-22 0 10 20 30 40 50 60 $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 Days on Market Sold Price

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

Days on Market by Price Range

Median Percent of

Original List Price

Received by Price Range: Single-Family Homes January

OAHU,

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)

Median Percent of Original List Price Received by Price Range

$1,500,000-1,999,99994.2%98.4%-4.3%100.1%101.8%-1.7% $2,000,000-$2,999,99999.1%100.4%-1.3%100.0%100.0%0.0% $3,000,000andabove81.7%97.3%-16.0%97.8%96.8%1.0%

All Single-Family Homes 95.9%101.6%-5.6%100.0%102.2%-2.2% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Median Percent of Original List Price Received by Price Range

2023

HAWAII

Single-Family HomesJan-23Jan-22%chg 12-mth Median This Period 12-mth Median Last Period%chg $449,999andbelow91.7%61.7%48.6%100.0%100.0%0.0% $450,000-$599,99997.7%104.0%-6.1%100.0%101.0%-1.0% $600,000-$699,999100.0%100.6%-0.6%100.0%101.3%-1.3% $700,000-$799,99994.3%101.6%-7.2%100.0%102.9%-2.8% $800,000-$899,99996.5%102.5%-5.9%100.0%103.1%-3.0% $900,000-$999,99995.4%102.0%-6.5%100.5%102.9%-2.3% $1,000,000-$1,499,99997.2%102.4%-5.1%100.4%102.9%-2.4%

80.0% 85.0% 90.0% 95.0% 100.0% 105.0% 110.0% $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

Single-Family Homes Jan-23 Jan-22 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

1-mth Period:

Single-Family Homes 12-mth Median This Period 12-mth Median Last Period

12-mth Period:

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

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)

Median Percent of Original List Price Received by Price Range

$1,000,000-$1,499,99996.6%96.4%0.2%97.6%98.2%-0.6% $1,500,000-$1,999,99991.9%96.0%-4.3%97.2%95.9%1.4% $2,000,000andabove100.0%93.9%6.5%95.5%96.3%-0.8%

All Condos 98.4%100.0%-1.6%100.0%100.0%0.0% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Median Percent of Original List Price Received by Price Range

January 2023

Condos Jan-23Jan-22%chg 12-mth Median This Period 12-mth Median Last Period%chg $149,999andbelow94.5%100.0%-5.5%96.4%95.2%1.3% $150,000-$299,99998.2%98.3%-0.1%98.8%97.9%0.9% $300,000-$399,99998.9%98.8%0.1%100.0%99.0%1.0% $400,000-$499,999100.0%100.0%0.0%100.0%100.0%0.0% $500,000-$599,99999.2%100.0%-0.8%100.0%100.0%0.0% $600,000-$699,99997.1%101.6%-4.4%100.0%100.9%-0.9% $700,000-$999,99998.0%100.6%-2.6%100.0%100.0%0.0%

86.0% 88.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% $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

1-mth Period: Condos Jan-23 Jan-22 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

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

New Listings by Price Range: Single-Family Homes

January 2023

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

$449,999andbelow13-66.7%2952-44.2%

$450,000-$599,9997540.0%76170-55.3%

$600,000-$699,9991016-37.5%160329-51.4%

$700,000-$799,9992126-19.2%322567-43.2%

$800,000-$899,9993441-17.1%522705-26.0%

$900,000-$999,9993448-29.2%582649-10.3%

$1,000,000-$1,499,9998897-9.3%1,3181,2426.1%

$1,500,000-1,999,9993338-13.2%5174837.0%

$2,000,000-$2,999,9991825-28.0%3133004.3%

$3,000,000andabove22214.8%2772750.7%

All Single-Family Homes268320-16.3%4,1164,772-13.7%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

HomesJan-23Jan-22%chg 12-mth Total This Period 12-mth Total Last Period %chg

Single-Family

1-mth Period: Single-Family Homes Jan-23 Jan-22 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 and above New Listings Original List Price

12-mth Period: Single-Family Homes 12-mth Total This Period 12-mth Total Last Period

New Listings by Price Range

New Listings by Price Range: Condos

January 2023

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

$149,999andbelow1323-43.5%185254-27.2%

$150,000-$299,9995179-35.4%8991,188-24.3%

$300,000-$399,99988107-17.8%1,1101,377-19.4%

$400,000-$499,99983109-23.9%1,1931,450-17.7%

$500,000-$599,99961114-46.5%9971,167-14.6%

$600,000-$699,9995867-13.4%815903-9.7%

$700,000-$999,9999599-4.0%1,3071,07421.7%

$1,000,000-$1,499,9993141-24.4%4274094.4%

$1,500,000-$1,999,999201442.9%19815626.9%

$2,000,000andabove231376.9%194205-5.4%

All Condos 523666-21.5%7,3258,183-10.5% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Condos Jan-23Jan-22%chg 12-mth Total This Period 12-mth Total Last Period %chg

0 20 40 60 80 100 120 $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 1-mth Period: Condos Jan-23 Jan-22 0 200 400 600 800 1,000 1,200 1,400 1,600 $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 12-mth Period: Condos 12-mth Total This Period 12-mth Total Last Period

Pending Sales by Price Range: Single-Family Homes

January 2023

OAHU, HAWAII

(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth)

Pending Sales by Price Range

$449,999andbelow440.0%3260-46.7%

$450,000-$599,99989-11.1%78184-57.6%

$600,000-$699,9991417-17.6%153364-58.0%

$700,000-$799,9991626-38.5%297565-47.4%

$800,000-$899,99943414.9%469708-33.8%

$900,000-$999,9994145-8.9%504661-23.8%

$1,000,000-$1,499,99983100-17.0%1,1381,227-7.3%

$1,500,000-1,999,9992628-7.1%366446-17.9%

$2,000,000-$2,999,9991520-25.0%215255-15.7%

$3,000,000andabove1725-32.0%139183-24.0%

All Single-Family Homes 267315-15.2%3,3914,653-27.1% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Pending Sales by Price Range

Single-Family HomesJan-23Jan-22%chg 12-mth Total This Period 12-mth Total Last Period%chg

12-mth Period: Single-Family Homes 12-mth Total This Period 12-mth Total Last Period

Pending Sales by Price Range: Condos

January 2023

OAHU, HAWAII

(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth)

Pending Sales by Price Range

$149,999andbelow723-69.6%172263-34.6%

$150,000-$299,9994180-48.8%7281,118-34.9%

$300,000-$399,9996994-26.6%1,0031,313-23.6%

$400,000-$499,99967108-38.0%1,0361,429-27.5%

$500,000-$599,9995269-24.6%8351,071-22.0%

$600,000-$699,9994964-23.4%670860-22.1%

$700,000-$999,9995785-32.9%9469123.7%

$1,000,000-$1,499,9992331-25.8%271321-15.6%

$1,500,000-$1,999,999710-30.0%100103-2.9%

$2,000,000andabove610-40.0%101122-17.2%

All Condos 378574-34.1%5,8627,512-22.0% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Pending Sales by Price Range

Condos Jan-23Jan-22%chg 12-mth Total This Period 12-mth Total Last Period%chg

1-mth Period: Condos Jan-23 Jan-22 0 200 400 600 800 1,000 1,200 1,400 1,600 $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 Pending Sales Current List Price

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

Active Inventory* by Price Range: Single-Family Homes

January 2023

OAHU, HAWAII

(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)

Active Inventory by Price Range

Single-Family HomesJan-23Jan-22YOY chg

$449,999andbelow41300.0%

$450,000-$599,9998714.3%

$600,000-$699,999246300.0%

$700,000-$799,9994116156.3%

$800,000-$899,9996324162.5%

$900,000-$999,999583093.3%

$1,000,000-$1,499,99914164120.3%

Active Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)

$1,500,000-1,999,999664740.4%

$2,000,000-$2,999,999534323.3%

$3,000,000andabove937327.4%

All Single-Family Homes 55131177.2%

0 20 40 60 80 100 120 140 160 $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 Active Listings Current List Price

Homes Jan-23 Jan-22 3%7% 17% 36% 37% JAN-22 $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 2% 12% 22% 38% 26% JAN-23 $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

Active Inventory* by Price Range: Condos

January 2023

OAHU, HAWAII

(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)

Active Inventory by Price Range

Condos Jan-23Jan-22YOY chg

$149,999andbelow393414.7%

$150,000-$299,999140154-9.1%

$300,000-$399,999123137-10.2%

$400,000-$499,99915411336.3%

$500,000-$599,99911710610.4%

$600,000-$699,9991267763.6%

$700,000-$999,99921514152.5%

Active Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)

$1,000,000-$1,499,9991147552.0%

$1,500,000-$1,999,999774763.8%

$2,000,000andabove91839.6%

All Condos 1,19696723.7% *Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandC status.

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

Condos Jan-23 Jan-22 19% 26% 19% 22% 14% JAN-22 $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 15% 23% 20% 28% 14% JAN-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

Active Inventory*: Single-Family Homes and Condos

January 2023

OAHU, HAWAII

Single-Family Homes J-21F-21M-21A-21M-21J-21J-21A-21S-21O-21N-21D-21J-22F-22M-22A-22M-22J-22J-22A-22S-22O-22N-22D-22J-23 $599,999 and below 161624192216201513181313811111014151281014161512 $600,000 to $799,999 45364243243633433939342422403827384659576480946765 $800,000 to $999,999 735255614460717078625444544952719399113128133157148143121 $1,000,000 to $1,999,999 140112119121105126146145165155135101111139139160193218226236251243251216207 $2,000,000 and above 143134139137142139145143142127130127116109120127133149166167171162173156146 Total 417350379381337377415416437401366309311348360395471527576596629656682597551 Condos

$299,999 and below 423425371313271253227217227218205198188204188194187199188176184183189185179 $300,000 to $499,999 408375335316259280272266298302275248250243205194219229238243263267292261277 $500,000 to $699,999 184161178159132161145142152158189158183183165161162171172196250274272245243 $700,000 to $1,499,999 213213212204180193187191206218227203216232232240253271328330317325340318329 $1,500,000 and above 168158161141141138138134147143137139130127129128118128124128127145151161168 Total 1,3961,3321,2571,1339831,0259699501,0301,0391,0339469679899199179399981,0501,0731,1411,1941,2441,1701,196 *Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus. 0 50 100 150 200 250 300 Jan-21 Jan-22 Jan-23 Listings Active Inventory Single-Family Homes $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 0 50 100 150 200 250 300 350 400 450 Jan-21 Jan-22 Jan-23 Lisings Active Inventory Condos $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

J-21F-21M-21A-21M-21J-21J-21A-21S-21O-21N-21D-21J-22F-22M-22A-22M-22J-22J-22A-22S-22O-22N-22D-22J-23

Total Inventory In Escrow* by Price Range: Single-Family Homes January 2023

OAHU, HAWAII

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Total Inventory In Escrow by Price Range

Single-Family HomesJan-23Jan-22YOY chg

$449,999andbelow9728.6%

$450,000-$599,9991721-19.0%

$600,000-$699,9992228-21.4%

$700,000-$799,9993138-18.4%

$800,000-$899,9995561-9.8%

$900,000-$999,9995472-25.0%

Total Inventory In Escrow - Percent Share by Price Range

(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

$1,000,000-$1,499,999102149-31.5%

$1,500,000-1,999,9993354-38.9%

$2,000,000-$2,999,9992731-12.9%

$3,000,000andabove2637-29.7%

All Single-Family Homes 376498-24.5%

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

Single-Family Homes Jan-23 Jan-22 5% 13% 27% 41% 14% JAN-22 $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 7% 14% 29% 36% 14% JAN-23 $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

Total Inventory In Escrow* by Price Range: Condos January 2023

OAHU, HAWAII

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Total Inventory In Escrow by Price Range

Condos Jan-23Jan-22YOY chg

$149,999andbelow2035-42.9%

$150,000-$299,99964114-43.9%

$300,000-$399,999101128-21.1%

$400,000-$499,99990146-38.4%

$500,000-$599,9996389-29.2%

$600,000-$699,9996392-31.5%

Total Inventory In Escrow - Percent Share by Price Range

(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

$700,000-$999,99977113-31.9%

$1,000,000-$1,499,9993148-35.4%

$1,500,000-$1,999,999718-61.1%

$2,000,000andabove714-50.0%

All Condos 523797-34.4%

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

0 20 40 60 80 100 120 140 160 $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

Condos Jan-23 Jan-22 19% 34% 23% 20% 4% JAN-22 $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 16% 36% 24% 21% 3% JAN-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

Months Supply of Active Inventory by Price Range: Single-Family Homes January 2023

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Months Supply of Inventory by Price Range

Single-Family HomesJan-23Jan-22YOY chg

$449,999andbelow2.00.2900.0%

$450,000-$599,9991.30.6116.7%

$600,000-$699,9992.70.3800.0%

$700,000-$799,9992.10.4425.0%

$800,000-$899,9991.90.4375.0%

$900,000-$999,9991.50.6150.0%

Months Supply of Inventory

$1,000,000-$1,499,9991.40.6133.3% $1,500,000-1,999,9991.91.258.3%

$3,000,000andabove7.24.946.9% All Single-Family Homes 2.00.8150.0% 0 3 6 9 $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 Months of Inventory Current List Price

$2,000,000-$2,999,9992.91.770.6%

Single-Family Homes Jan-23 Jan-22 0 2 4 6 8 10 Jan-21Jan-22Jan-23 Months of Inventory

Single-Family Homes $599,999 and below $600,000

$799,999 $800,000

$999,999 $1,000,000

$2,000,000

to $1,999,999

and above

Months Supply of Active Inventory by Price Range: Condos

January 2023

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Months Supply of Inventory by Price Range

Condos Jan-23Jan-22YOY chg

$149,999andbelow2.61.662.5%

$150,000-$299,9992.31.643.8%

$300,000-$399,9991.51.47.1%

$400,000-$499,9991.81.080.0%

$500,000-$599,9991.61.233.3%

$600,000-$699,9992.31.1109.1% $700,000-$999,9992.41.741.2% $1,000,000-$1,499,9994.42.763.0%

Months Supply of Inventory

All Condos 2.41.650.0% 0 3 6 9 12 $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 Months of Inventory Current List Price

$1,500,000-$1,999,9998.66.728.4% $2,000,000andabove10.19.29.8%

Condos Jan-23 Jan-22 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 Jan-21Jan-22Jan-23 Months of Inventory

Condos $299,999 and below $300,000 to $499,999 $500,000 to $699,999 $700,000

$1,500,000

to $1,499,999

and above

Closed

Single-Family Homes and Condos OAHU, HAWAII: Jan 1987 to the Present 0 100 200 300 400 500 600 700 800 900 1987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023 Closed Sales SFH Closed Sales CONDO SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2023. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Sales

Median Sales Price

Single-Family

Homes and Condos

HAWAII: Jan 1987 to the Present $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 1987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023 Median Sales Price SFH Median Sales Price CONDO

OAHU,

7 3 11 17 24 19 12 15 12 5 6 1 6 1 5 0 2 4 4 4 12 41 37 46 26 22 28 26 10 14 12 8 6 5 15 10 0 5 10 15 20 25 30 35 40 45 50 Closed Sales Sold Price ($)

January 2023 vs. January 2022 2023 2022 SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2023. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Single-Family Homes Sold

2 19 19 46 57 34 34 22 9 9 17 7 7 15 56 86 98 92 48 56 24 15 45 10 0 20 40 60 80 100 120 Closed Sales Sold Price ($) Condos Sold January 2023 vs. January 2022 2023 2022 SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2023. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.