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

Executive Summary

O‘ahu’s housing market remained sluggish in February, with closed sales of single-family homes and condos down 28.2% and 33.1%, respectively. However, single-family home sales rose 15.3%, and condo sales increased by 18.2% compared to January 2023.

Median sales prices in both markets declined, dipping 12.3% for single-family homes from $1,125,000 to $987,000 compared to 2022. The condo market experienced a modest 3.4% decline from $497,000 to $480,000. Roughly 189 O‘ahu properties sold for under $500,000 in February.

In February 2023, single-family homes nearly quadrupled the median days on market, skyrocketing to 47 days compared to 13 days in February 2022. The median days on market for condos doubled to 28 days compared to 14 days a year ago.

The share of single-family homes sold above the original asking price fell dramatically from a year ago, accounting for just 19% of sales this February, compared to 55% in February 2022. From another perspective, only 32% of single-family home sales received full asking price or more compared to 73% last February. In the condo market, the share of sales closing above the original list price shrank only 15% this February compared to 37% in February 2022. Of the sales this month, 36% received full asking price or more compared to 56% of sales last year.

Though there were 233 new single-family home listings and 463 new condo listings this past month, this was well below the number of listings brought to market in February 2022, down 36.5% for single-family homes and 37.3% for condos. Both markets added active inventory at various price points, though the most significant increase in the single-family home market was in the $999,999 and below price range, with twice as many properties up for sale compared to 2022. For condos, the most significant increase occurred in the $600,000 to $799,999 price range, with 50% more active condos than a year ago.

Most price points for single-family homes experienced fewer sales this February, with the largest drop in sales volume occurring in the $900,000 to $1,099,999 price range, down 47.4% year-over-year. The ‘Ewa Plain region experienced the largest decline in sales volume, falling 40.4% year-over-year, followed by the Metro region, declining 55.2%.

Most price points for condos saw a decline in sales, with the most notable change occurring in the $800,000 to $1,999,999 price range, down 60% year-over-year, and in the $500,000 to $699,999 range, falling 42.7%. The Kailua region was the only area where condo sales were even with last year, with 10 condos sold. All other regions saw fewer sales compared to the same time last year, with the ‘Ewa Plain falling 45.7% and the Metro region decreasing 30.1%.

MONTHLY

REPORT FEBRU

STATS

ARY 2 02 3

Page 1 of 34

Monthly Indicators

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

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

February 2023 Feb-23 Feb-22YoY %chgJan-23MoM %chg Feb-23 Feb-22YoY %chgJan-23MoM %chg Closed Sales 173 241-28.2%15015.3% 325 486-33.1%27518.2% Median Sales Price $987,000 $1,125,000-12.3%$970,0001.8% $480,000 $497,000-3.4%$495,000-3.0% Average Sales Price $1,427,864 $1,486,088-3.9%$1,139,29425.3% $592,131 $583,3671.5%$633,441-6.5% Median Days on Market 47 13261.5%2495.8% 28 14100.0%2416.7% Percent of Orig. List Price Received 96.0% 100.8%-4.8%95.9%0.1% 98.0% 100.0%-2.0%98.4%-0.4% New Listings 233 367-36.5%268-13.1% 463 739-37.3%523-11.5% Pending Sales* 217 316-31.3%267-18.7% 399 643-37.9%3785.6% Active Inventory* 547 34857.2%551-0.7% 1,177 98919.0%1,196-1.6% Total Inventory in Escrow* 386 544-29.0%3762.7% 592 946-37.4%52313.2% Months Supply of Active Inventory* 2.0 0.9122.2%2.00.0% 2.4 1.650.0%2.40.0%

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 323 567-43.0%551-41.4% 600 1,038-42.2%838-28.4% Median Sales Price $980,000 $1,084,250-9.6%$895,0009.5% $485,000 $500,000-3.0%$455,0006.6% Average Sales Price $1,293,853 $1,364,912-5.2%$1,106,81016.9% $609,016 $605,0090.7%$522,41216.6% Median Days on Market 35 12191.7%9288.9% 26 1485.7%1752.9% Percent of Orig. List Price Received 95.9% 101.2%-5.2%100.3%-4.4% 98.1% 100.0%-1.9%98.8%-0.7% New Listings 501 687-27.1%687-27.1% 986 1,405-29.8%1,282-23.1% Pending Sales* 484 631-23.3%694-30.3% 777 1,217-36.2%1,106-29.7%

Single-Family Homes Condos Single-Family Homes Condos

Page 2 of 34

Closed Sales

February 2023

OAHU, HAWAII

(Acountofpropertiesthathaveclosedinagivenmonth)

Mo-Yr Single-Family HomesCondosTotal

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

Dec-21378593971 Monthly Closed Sales Year-to-Date Closed Sales Jan-22326552878FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-2224148672720212605.3%44641.1%20215517.6%83820.6% Mar-223216729932022241-7.3%4869.0%20225672.9%1,03823.9% Apr-223656721,037 2023173-28.2%325-33.1% 2023323-43.0%600-42.2% May-223446881,032 Jun-22357626983 Jul-22312518830 Aug-22314508822 Sep-22278496774 Oct-22222435657 Nov-22192340532 Dec-22202360562 Jan-23150275425 Feb-23173 325 498

Jun-214517301,181 Jul-214046711,075 Aug-214256751,100 Sep-214246151,039 Oct-21381611992 Nov-21371601972

Sales 202120222023 Closed Sales SFH(YTD) 202120222023 Closed Sales CND(YTD) 202120222023 Closed Sales SFH(Feb) 202120222023 Closed Sales CND(Feb)

Page 3 of 34

Median Sales Price

February 2023

OAHU, HAWAII

(Themediansalespriceofallclosedpropertiesinagivenmonth)

Mo/Yr Single-Family HomesCondos

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

Monthly Median Sales Price Year-to-Date

Sales Price Jan-22$1,050,000$510,000FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-22$1,125,000$497,0002021$917,50019.9%$457,5006.4%2021$895,00016.6%$455,0005.9% Mar-22$1,150,000$515,5002022$1,125,00022.6%$497,0008.6%2022$1,084,25021.1%$500,0009.9% Apr-22$1,105,000$510,000 2023$987,000-12.3%$480,000-3.4% 2023$980,000-9.6%$485,000-3.0%

Median

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 Feb-23$987,000$480,000

Price ($) 202120222023 Price ($) SFH(YTD) 202120222023 Price ($) CND(YTD) 202120222023 Price ($) SFH(Feb) 202120222023 Price ($) CND(Feb)

Page 4 of 34

Average Sales Price

February 2023

OAHU, HAWAII

(Theaveragesalespriceofallclosedpropertiesinagivenmonth)

Mo/Yr Single-Family HomesCondos

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

Dec-21$1,303,481$604,749 Monthly Average Sales Price Year-to-Date Average Sales Price Jan-22$1,277,309$623,928FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-22$1,486,088$583,3672021$1,172,80420.4%$545,6293.4%2021$1,106,81018.4%$522,4121.0% Mar-22$1,570,668$623,6842022$1,486,08826.7%$583,3676.9%2022$1,364,91223.3%$605,00915.8% Apr-22$1,404,481$613,189 2023$1,427,864-3.9%$592,1311.5% 2023$1,293,853-5.2%$609,0160.7% 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 Feb-23$1,427,864$592,131

Price ($) 202120222023 Price ($) SFH(YTD) 202120222023 Price ($) CND(YTD) 202120222023 Price ($) SFH(Feb) 202120222023 Price ($) CND(Feb)

Page 5 of 34

Median Days on Market

February 2023

OAHU, HAWAII

(DaysonMarketrepresentsthenumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted;theMedianDaysonMarketrepresentsthemedianofallsalesinagivenmonth)

Mo/Yr Single-Family HomesCondos

Feb-203534

Mar-201523

Apr-201927

May-201323

Jun-202040

Jul-201326

Aug-201523

SOURCE:

Jul-21911 Aug-21912 Sep-21911 Oct-211011 Nov-21119 Dec-211113 Monthly Median Days on Market Year-to-Date Median Days on Market Jan-221214FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-22131420219-74.3%18-47.1%20219-74.3%17-48.5% Mar-229920221344.4%14-22.2%20221233.3%14-17.6% Apr-221012 202347261.5%28100.0% 202335191.7%2685.7% May-221010 Jun-221011 Jul-221112 Aug-221313 Sep-221814 Oct-221919 Nov-221818 Dec-222521 Jan-232424 Feb-2347 28

Sep-20921 Oct-201018 Nov-201016 Dec-201019 Jan-21918 Feb-21918 Mar-21914 Apr-21913 May-21812 Jun-21811

Days on Market 202120222023 Days on Market SFH(YTD) 202120222023 Days on Market CND(YTD) 202120222023 Days on Market SFH(Feb) 202120222023 Days on Market CND(Feb)

Page 6 of 34

Percent of Original List Price Received

February 2023

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodindicated)

Mo/Yr Single-Family HomesCondos

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%

Aug-21103.0%100.0%

Monthly Percent of Original List Price Received Year-to-Date Percent of Original List Price Received

Dec-21102.1%100.0%

Jan-22101.6%100.0%FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-22100.8%100.0%2021100.0%1.7%98.8%1.5%2021100.3%2.5%98.8%1.3% Mar-22102.0%100.0%2022100.8%0.8%100.0%1.2%2022101.2%0.9%100.0%1.2% Apr-22102.6%100.0% 202396.0%-4.8%98.0%-2.0% 202395.9%-5.2%98.1%-1.9% 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% Percent Received 202120222023 Percent Received SFH(YTD) 202120222023 Percent Received CND(YTD) 202120222023 Percent Received SFH(Feb) 202120222023 Percent Received CND(Feb)

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

Page 7 of 34

New Listings

February 2023

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

Mo-Yr Single-Family HomesCondosTotal

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

Dec-21245527772

Monthly

Year-to-Date

Jan-22320666986FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-223677391,1062021322-19.3%623-2.5%2021687-16.9%1,282-4.0% Mar-224127141,126202236714.0%73918.6%20226870.0%1,4059.6% Apr-224247221,146 2023233-36.5%463-37.3% 2023501-27.1%986-29.8% May-224456871,132 Jun-223916861,077

New Listings

Jul-223866161,002 Aug-22381608989

Jan-23268523791 Feb-23233 463 696

Sep-22304601905 Oct-22285532817 Nov-22289526815 Dec-22164371535

Listings 202120222023 Closed Sales SFH(YTD) 202120222023 Closed Sales CND(YTD) 202120222023 New Listings SFH(Feb) 202120222023 Closed Sales CND(Feb)

Page 8 of 34

Pending Sales*

February 2023

OAHU, HAWAII

(Ameasureofcontractactivityrepresentedbyacountofpropertiesthathavehadoffersacceptedonthemduringagivenmonth)

Mo/Yr Single-Family HomesCondosTotal

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

Oct-214006301,030

Nov-21367573940

Dec-21287511798

Jun-22305501806

Jul-22297484781

Aug-22312475787

Sep-22224436660

Oct-22198342540

Nov-22198359557

Dec-22168289457

Jan-23267378645

Feb-23217 399 616

*Methodologyupdatedasof2021toreflectacountofpropertiesthatenteredcontractwithinthegivenmonthandremaininescrowstatusattheendofthemonth(alsoappliedtohistoricaldatashownabove). PendingSales,inreportspriorto2021,reflectacountofalllistingsthatheldaPending(P)statusthroughoutthegivenmo nth.

Monthly

Sales Year-to-Date

Feb-2231664395920213652.2%57227.4%20216941.3%1,10629.5% Mar-223846911,0752022316-13.4%64312.4%2022631-9.1%1,21710.0% Apr-223666631,029 2023217-31.3%399-37.9% 2023484-23.3%777-36.2%

Pending

Pending Sales Jan-22315574889FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg

May-22356601957

Listings 202120222023 Pending Sales SFH(YTD) 202120222023 Pending Sales CND(YTD) 202120222023 Pending Sales SFH(Feb) 202120222023 Pending Sales CND(Feb)

Page 9 of 34

Active Inventory*

February 2023

OAHU, HAWAII

(ThenumberofpropertiesinActive(A)statusattheendofthegivenmonth)

Mo/Yr Single-Family HomesCondosTotal

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

Aug-214169501,366

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

Oct-226561,1941,850

Nov-226821,2441,926

Dec-225971,1701,767

Jan-235511,1961,747

Feb-23547 1,1771,724

*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.

Active Inventory

Sep-214371,0301,467FebruarySFHYoY%chgCNDYoY%chg Oct-214011,0391,4402021350-57.0%1,332-25.3% Nov-213661,0331,3992022348-0.6%989-25.8% Dec-213099461,255 202354757.2%1,17719.0%

Total Active Inventory: Single-Family Homes + Condos

Listings

Active202120222023

SFH(Feb) Active202120222023

CND(Feb)

Page 10 of 34

Total Inventory In Escrow*

February 2023

OAHU, HAWAII

(Thenumberofpropertiesundercontractattheendofthegivenmonth/combinedlistingsinCandPstatus)

Mo/Yr Single-Family HomesCondosTotal

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

Aug-217279791,706

Total Inventory In Escrow

Total Inventory In Escrow: Single-Family Homes + Condos

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-23376523899

Feb-23386 592 978

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

SOURCE:

Oct-216639351,598202169714.6%96035.2% Nov-216378991,5362022544-22.0%946-1.5% Dec-215287841,312 2023386-29.0%592-37.4% Jan-224987971,295

Sep-216609511,611FebruarySFHYoY%chgCNDYoY%chg

Listings 202120222023 Listings SFH(Feb) 202120222023 Listings CND(Feb)

Page 11 of 34

Months Supply of Active Inventory*

February 2023

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Mo/Yr Single-Family HomesCondos

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

Aug-211.11.7 Months Supply of Active Inventory Active Inventory vs. Closed Sales Sep-211.21.8FebruarySFHYoY%chgCNDYoY%chg

Months202120222023 of Inventory

Jul-221.61.7

Aug-221.71.8

Sep-221.92.0

Oct-222.12.1

Nov-222.22.3

Dec-222.12.2

Jan-232.02.4

Feb-232.0 2.4

Months202120222023 of Inventory

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

Feb-211.13.3 Mar-211.23.0 Apr-211.12.5 May-211.02.1 Jun-211.02.0 Jul-211.11.8

Oct-211.11.820211.1-57.7%3.3-15.4% Nov-211.01.720220.9-18.2%1.6-51.5% Dec-210.81.6 20232.0122.2%2.450.0% Jan-220.81.6 Feb-220.91.6 Mar-221.01.5 Apr-221.11.5

May-221.31.5 Jun-221.51.6

Months of Inventory

SFH(Feb)

CND(Feb)

Page 12 of 34

Housing Supply Overview

February 2023

OAHU, HAWAII

(Ayear-over-yearoverviewoftheavailabilityandsalesofpropertiesinagivenmonth,bypricerange)

Single-Family HomesFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22 %chgFeb-23Feb-22%chg $449,999 and below 30-34--102.6%--02-100.0%10-3250.0%67-14.3%1.50.5200.0% $450,000 - $599,999 67-14.3%7713492.3%91.9%100.0%-8.1%10911.1%17-85.7%219133.3%721-66.7%3.50.8337.5% $600,000 - $699,999 9812.5%5910490.0%97.1%100.0%-2.9%11837.5%12933.3%248200.0%221822.2%2.70.4575.0% $700,000 - $799,999 211540.0%759733.3%91.3%102.3%-10.8%1539-61.5%1828-35.7%383218.8%2946-37.0%1.80.8125.0% $800,000 - $899,999 28280.0%14137.7%98.9%103.7%-4.6%2541-39.0%2740-32.5%6619247.4%5266-21.2%1.90.3533.3% $900,000 - $999,999 2136-41.7%6014328.6%98.4%101.0%-2.6%3450-32.0%3353-37.7%493063.3%5983-28.9%1.30.6116.7% $1,000,000 - $1,499,999 4384-48.8%5212333.3%96.5%100.7%-4.2%64132-51.5%7598-23.5%1319735.1%122162-24.7%1.30.862.5% $1,500,000 - 1,999,999 1335-62.9%1113-15.4%97.5%100.0%-2.5%3442-19.0%2241-46.3%734273.8%4067-40.3%2.31.1109.1% $2,000,000 - $2,999,999 171241.7%5610460.0%91.1%105.2%-13.4%2530-16.7%1522-31.8%574235.7%2637-29.7%3.21.788.2% $3,000,000 and above 1216-25.0%353112.9%91.5%100.0%-8.5%15147.1%1318-27.8%856726.9%2337-37.8%6.54.544.4% All Single-Family Homes173241-28.2%4713261.5%96.0%100.8%-4.8%233367-36.5%217316-31.3%54734857.2%386544-29.0%2.00.9122.2% Condos Feb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chgFeb-23Feb-22%chg $149,999 and below 1021-52.4%21210.0%95.2%97.1%-2.0%20195.3%1617-5.9%413517.1%2633-21.2%2.91.681.3% $150,000 - $299,999 4169-40.6%282040.0%97.5%98.9%-1.4%5198-48.0%4269-39.1%144169-14.8%61107-43.0%2.41.833.3% $300,000 - $399,999 6673-9.6%321968.4%98.0%100.0%-2.0%67110-39.1%65116-44.0%1231211.7%92164-43.9%1.61.233.3% $400,000 - $499,999 6782-18.3%271850.0%99.0%100.0%-1.0%87127-31.5%65116-44.0%15912230.3%95173-45.1%1.81.163.6% $500,000 - $599,999 3859-35.6%357400.0%97.4%100.0%-2.6%64102-37.3%60102-41.2%1079413.8%90140-35.7%1.41.040.0% $600,000 - $699,999 2958-50.0%3110210.0%98.4%101.5%-3.1%4382-47.6%4869-30.4%1228937.1%7194-24.5%2.31.376.9% $700,000 - $999,999 4879-39.2%231291.7%98.4%100.7%-2.3%81123-34.1%6397-35.1%21514746.3%97143-32.2%2.51.747.1% $1,000,000 - $1,499,999 1430-53.3%604825.0%95.9%97.2%-1.3%2539-35.9%1830-40.0%1078525.9%3351-35.3%4.52.955.2% $1,500,000 - $1,999,999 58-37.5%543650.0%91.8%98.9%-7.2%1321-38.1%1415-6.7%725238.5%1722-22.7%9.06.538.5% $2,000,000 and above 770.0%5261-14.8%100.0%93.6%6.8%1218-33.3%812-33.3%877516.0%1019-47.4%9.78.316.9% All Condos 325486-33.1%2814100.0%98.0%100.0%-2.0%463739-37.3%399643-37.9%1,17798919.0%592946-37.4%2.41.650.0% 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 In Escrow Months Supply of Active Inventory Total Inventory In Escrow Months Supply of Active Inventory Total Inventory

Page 13 of 34

Closed Sales by Price Range: Single-Family Homes

February 2023

OAHU, HAWAII

(Acountofpropertiesthathaveclosedinagivenmonth) Single-Family

$449,999andbelow30-2851-45.1%

$450,000-$599,99967-14.3%69138-50.0%

$600,000-$699,9999812.5%104256-59.4%

$700,000-$799,999211540.0%247486-49.2%

$800,000-$899,99928280.0%412656-37.2%

$900,000-$999,9992136-41.7%448610-26.6% $1,000,000-$1,499,9994384-

$2,000,000-$2,999,999171241.7%215295-27.1%

$3,000,000andabove1216-25.0%150184-18.5%

All Single-Family Homes 173241-28.2%3,2304,542-28.9% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

HomesFeb-23Feb-22%chg 12-mth Total This Period 12-mth Total Last Period %chg

48.8%1,1701,381-15.3%

$1,500,000-1,999,9991335-62.9%387485-20.2%

Page 14 of 34

Closed Sales by Price Range: Condos

February 2023

OAHU, HAWAII

(Acountofpropertiesthathaveclosedinagivenmonth)

$149,999andbelow1021-52.4%168260-35.4%

$150,000-$299,9994169-40.6%7201,129-36.2%

$300,000-$399,9996673-9.6%9481,183-19.9%

$400,000-$499,9996782-18.3%1,0301,324-22.2%

$500,000-$599,9993859-35.6%8821,076-18.0%

$600,000-$699,9992958-50.0%640843-24.1%

$700,000-$999,9994879-39.2%1,0241,038-1.3%

$1,000,000-$1,499,9991430-53.3%292344-15.1%

$1,500,000-$1,999,99958-37.5%101938.6%

$2,000,000andabove770.0%110113-2.7%

All Condos 325486-33.1%5,9157,403-20.1% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

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

Page 15 of 34

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

February 2023

OAHU, HAWAII

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted)

$449,999andbelow34--1015-33.3%

$450,000-$599,9997713492.3%16977.8%

$600,000-$699,9995910490.0%181080.0%

$700,000-$799,999759733.3%189100.0%

$800,000-$899,99914137.7%12933.3%

$900,000-$999,9996014328.6%11922.2%

$1,000,000-$1,499,9995212333.3%111010.0%

$1,500,000-1,999,9991113-15.4%121020.0%

$2,000,000-$2,999,9995610460.0%13128.3%

$3,000,000andabove353112.9%2833-15.2%

All Single-Family Homes 4713261.5%121020.0%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

12-mth Median This Period 12-mth Median Last Period %chg

Single-Family HomesFeb-23Feb-22%chg

Page 16 of 34

Median Days on Market by Price Range: Condos

February 2023

OAHU, HAWAII

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted) Condos

$149,999andbelow21210.0%2735-22.9%

$150,000-$299,999282040.0%1824-25.0%

$300,000-$399,999321968.4%1314-7.1%

$400,000-$499,999271850.0%121020.0%

$500,000-$599,999357400.0%11922.2%

$600,000-$699,9993110210.0%12933.3%

$700,000-$999,999231291.7%111010.0%

$1,000,000-$1,499,999604825.0%21205.0%

$1,500,000-$1,999,999543650.0%3237-13.5%

$2,000,000andabove5261-14.8%3846-17.4%

All Condos 2814100.0%131118.2%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Feb-23Feb-22%chg 12-mth Median This Period 12-mth Median Last Period %chg

Page 17 of 34

Median

Percent of

February 2023

OAHU, HAWAII

Original List Price

Received by Price Range: Single-Family Homes

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)

Single-Family HomesFeb-23Feb-22%chg 12-mth Median This Period 12-mth Median Last Period %chg $449,999andbelow102.6%--100.0%100.0%0.0% $450,000-$599,99991.9%100.0%-8.1%97.4%100.9%-3.5% $600,000-$699,99997.1%100.0%-2.9%100.0%101.0%-1.0% $700,000-$799,99991.3%102.3%-10.8%100.0%103.0%-2.9% $800,000-$899,99998.9%103.7%-4.6%100.0%103.5%-3.4% $900,000-$999,99998.4%101.0%-2.6%100.2%102.9%-2.6% $1,000,000-$1,499,99996.5%100.7%-4.2%100.0%103.0%-2.9% $1,500,000-1,999,99997.5%100.0%-2.5%100.1%101.7%-1.6% $2,000,000-$2,999,99991.1%105.2%-13.4%100.0%100.0%0.0% $3,000,000andabove91.5%100.0%-8.5%97.3%97.0%0.3% All Single-Family Homes

96.0%100.8%-4.8%100.0%102.2%-2.2% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Page 18 of 34

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

February 2023

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)

All Condos 98.0%100.0%-2.0%100.0%100.0%0.0% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Condos Feb-23Feb-22%chg 12-mth Median This Period 12-mth Median Last Period %chg $149,999andbelow95.2%97.1%-2.0%96.1%95.7%0.4% $150,000-$299,99997.5%98.9%-1.4%98.7%98.0%0.7% $300,000-$399,99998.0%100.0%-2.0%100.0%99.2%0.8% $400,000-$499,99999.0%100.0%-1.0%100.0%100.0%0.0% $500,000-$599,99997.4%100.0%-2.6%100.0%100.0%0.0% $600,000-$699,99998.4%101.5%-3.1%100.0%101.2%-1.2% $700,000-$999,99998.4%100.7%-2.3%100.0%100.0%0.0%

$1,000,000-$1,499,99995.9%97.2%-1.3%97.6%98.2%-0.6% $1,500,000-$1,999,99991.8%98.9%-7.2%97.0%96.1%0.9% $2,000,000andabove100.0%93.6%6.8%95.7%96.0%-0.3%

Page 19 of 34

New Listings by Price Range: Single-Family Homes

February 2023

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

$449,999andbelow02-100.0%2750-46.0%

$450,000-$599,99910911.1%77161-52.2%

$600,000-$699,99911837.5%163305-46.6%

$700,000-$799,9991539-61.5%298557-46.5%

$800,000-$899,9992541-39.0%506691-26.8%

$900,000-$999,9993450-32.0%566667-15.1%

$1,000,000-$1,499,99964132-51.5%1,2501,306-4.3%

$1,500,000-1,999,9993442-19.0%5095001.8%

$2,000,000-$2,999,9992530-16.7%308310-0.6%

$3,000,000andabove15147.1%2782703.0%

All Single-Family Homes233367-36.5%3,9824,817-17.3%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

12-mth Total This Period 12-mth Total Last Period %chg

Single-Family HomesFeb-23Feb-22%chg

Page 20 of 34

New Listings by Price Range: Condos February 2023

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

$149,999andbelow20195.3%186248-25.0%

$150,000-$299,9995198-48.0%8521,173-27.4%

$300,000-$399,99967110-39.1%1,0671,370-22.1%

$400,000-$499,99987127-31.5%1,1531,467-21.4%

$500,000-$599,99964102-37.3%9591,176-18.5%

$600,000-$699,9994382-47.6%776935-17.0%

$700,000-$999,99981123-34.1%1,2651,13611.4%

$1,000,000-$1,499,9992539-35.9%413421-1.9%

$1,500,000-$1,999,9991321-38.1%19016813.1%

$2,000,000andabove1218-33.3%188205-8.3%

All Condos 463739-37.3%7,0498,299-15.1% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

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

Page 21 of 34

Pending Sales by Price Range: Single-Family Homes

February 2023

OAHU, HAWAII

(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth)

$449,999andbelow10-3356-41.1%

$450,000-$599,99917-85.7%72172-58.1%

$600,000-$699,99912933.3%156334-53.3%

$700,000-$799,9991828-35.7%287532-46.1%

$800,000-$899,9992740-32.5%456692-34.1%

$900,000-$999,9993353-37.7%484676-28.4%

$2,000,000-$2,999,9991522-31.8%208254-18.1%

$3,000,000andabove1318-27.8%134185-27.6%

All Single-Family Homes 217316-31.3%3,2924,604-28.5%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Single-Family HomesFeb-23Feb-22%chg 12-mth Total This Period 12-mth Total Last Period %chg

23.5%1,1151,241-10.2% $1,500,000-1,999,9992241-46.3%347462-24.9%

$1,000,000-$1,499,9997598-

Page 22 of 34

Pending Sales by Price Range: Condos

February 2023

OAHU, HAWAII

(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth)

$300,000-$399,99965116-44.0%9521,320-27.9%

$400,000-$499,99965116-44.0%9851,418-30.5%

$500,000-$599,99960102-41.2%7931,091-27.3%

$600,000-$699,9994869-30.4%649869-25.3%

$700,000-$999,9996397-35.1%912958-4.8%

$1,000,000-$1,499,9991830-40.0%259329-21.3%

$1,500,000-$1,999,9991415-6.7%99112-11.6%

$2,000,000andabove812-33.3%97126-23.0%

All Condos 399643-37.9%5,6187,583-25.9% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

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

$149,999andbelow1617-5.9%171258-33.7%

$150,000-$299,9994269-39.1%7011,102-36.4%

Page 23 of 34

Active Inventory* by Price Range: Single-Family Homes

February 2023

OAHU, HAWAII

(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)

Single-Family HomesFeb-23Feb-22YOY chg

$449,999andbelow3250.0%

$450,000-$599,999219133.3%

$600,000-$699,999248200.0%

$700,000-$799,999383218.8%

$800,000-$899,9996619247.4%

$900,000-$999,999493063.3%

Active Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)

$1,000,000-$1,499,9991319735.1%

$1,500,000-1,999,999734273.8%

$2,000,000-$2,999,999574235.7%

$3,000,000andabove856726.9%

All Single-Family Homes 54734857.2%

Page 24 of 34

Active Inventory* by Price Range: Condos

February 2023

OAHU, HAWAII

(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)

Condos Feb-23Feb-22YOY chg

$149,999andbelow413517.1%

$150,000-$299,999144169-14.8%

$300,000-$399,9991231211.7%

$400,000-$499,99915912230.3%

$500,000-$599,9991079413.8%

$600,000-$699,9991228937.1%

Active Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)

$700,000-$999,99921514746.3%

$1,000,000-$1,499,9991078525.9%

$1,500,000-$1,999,999725238.5%

$2,000,000andabove877516.0%

All Condos 1,17798919.0%

Page 25 of 34

Listings Lisings

Condos

Single-Family Homes 350379381337377415416437401366309311348360395471527576596629656682597551547

Active Inventory*: Single-Family Homes and Condos February 2023 OAHU, HAWAII

Page 26 of 34

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

OAHU, HAWAII

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Single-Family HomesFeb-23Feb-22YOY chg

$449,999andbelow67-14.3%

$450,000-$599,999721-66.7%

$600,000-$699,999221822.2%

$700,000-$799,9992946-37.0%

$800,000-$899,9995266-21.2%

$900,000-$999,9995983-28.9%

Total Inventory In Escrow - Percent Share by Price Range

(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

$1,000,000-$1,499,999122162-24.7%

$1,500,000-1,999,9994067-40.3%

$2,000,000-$2,999,9992637-29.7%

$3,000,000andabove2337-37.8%

All Single-Family Homes 386544-29.0%

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

Page 27 of 34

Total Inventory In Escrow* by Price Range: Condos

February 2023

OAHU, HAWAII

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Condos Feb-23Feb-22YOY chg

$149,999andbelow2633-21.2%

$150,000-$299,99961107-43.0%

$300,000-$399,99992164-43.9%

$400,000-$499,99995173-45.1%

$500,000-$599,99990140-35.7%

$600,000-$699,9997194-24.5%

Total Inventory In Escrow - Percent Share by Price Range

(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

$700,000-$999,99997143-32.2%

$1,000,000-$1,499,9993351-35.3%

$1,500,000-$1,999,9991722-22.7%

$2,000,000andabove1019-47.4%

All Condos 592946-37.4%

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

Page 28 of 34

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

February 2023

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Single-Family HomesFeb-23Feb-22YOY chg

$449,999andbelow1.50.5200.0%

$450,000-$599,9993.50.8337.5%

$600,000-$699,9992.70.4575.0%

$700,000-$799,9991.80.8125.0%

$800,000-$899,9991.90.3533.3%

$900,000-$999,9991.30.6116.7%

$1,000,000-$1,499,9991.30.862.5%

$1,500,000-1,999,9992.31.1109.1%

$2,000,000-$2,999,9993.21.788.2%

Months of Inventory

$3,000,000andabove6.54.544.4%

All Single-Family Homes 2.00.9122.2%

Page 29 of 34

Months Supply of Active Inventory by Price Range: Condos

February 2023

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Condos Feb-23Feb-22YOY chg

$149,999andbelow2.91.681.3%

$150,000-$299,9992.41.833.3%

$300,000-$399,9991.61.233.3%

$400,000-$499,9991.81.163.6%

$500,000-$599,9991.41.040.0%

$600,000-$699,9992.31.376.9%

$700,000-$999,9992.51.747.1%

$1,000,000-$1,499,9994.52.955.2%

$1,500,000-$1,999,9999.06.538.5%

Months of Inventory

$2,000,000andabove9.78.316.9%

All Condos 2.41.650.0%

Page 30 of 34

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