Executive Summary
According to resale figures released today by the Honolulu Board of REALTORS®, both singlefamily homes and condos experienced a slump in sales as elevated borrowing costs continued to dampen summer buying activity. Single-family home sales fell by 28.2%, and condo sales dropped by 18.5% compared to the same time last year. In both markets, properties that sold in July spent a median of 16 days on the market, just a slight jump up from July 2022, where single-family homes had a median of 11 days and condos had 12 days.
Median sales prices were stable year-over-year, with single-family homes down 1.6% to $1,090,000 and condos even at $500,000. Approximately 53% of single-family home sales closed for the full asking price or more, compared to 65% a year ago. In the condo market, 47% of sales received the total asking price or more compared to 60% of sales in July 2022.
The market also experienced a decline in new listings, with a 28.8% year-over-year drop for single-family homes and a 15.4% fall for condos. However, active inventory for single-family homes and condos remained relatively unchanged from the previous year, with a modest 2.6% growth in active single-family home listings and 9.9% in active condo listings.
Despite a weakening in contract signings from a year ago, July 2023 saw a 6.9% month-overmonth hike for single-family homes and a 1.4% bump for condos. There were 247 pending sales for single-family homes and 421 for condos during the month. Notably, Ewa Plain, Waipahu, and Pearl City saw increased contract signings for single-family homes, with growth rates of 18.5%, 18.8%, and 13.3%, respectively. The Leeward region stood out for condos, experiencing a significant 92.3% boost in contract signings year-over-year. Ewa Plain condo pending sales remained steady year-over-year but rose by 38.2% from June to July.
JULY 2023 MONTHLY STATS REPORT
Oahu Monthly Housing Statistics
July 2023
Monthly Indicators 2 Median Sales Price YoY %chg Price Graphs 3-4 $1,090,000-1.6% Closed Sales 5 Closed Sales YoY %chg Median Sales Price6 Average Sales Price 7 224 -28.2% Median Days on Market 8 Percent of Original List Price Received 9 Average Sales Price YoY %chg New Listings10 Pending Sales 11 $1,270,421-4.4% Active Inventory 12 Total Inventory In Escrow 13 Months Supply of Active Inventory 14 Housing Supply Overview 15 Median Sales Price YoY %chg Closed Sales (by price range)16-17 Median Days on Market (by price range) 18-19 $500,0000.0% Percent of Original List Price Received (by price range)20-21 New Listings (by price range) 22-23 Closed Sales YoY %chg Pending Sales (by price range)24-25 Active Inventory (by price range) 26-27 422 -18.5% Active Inventory History 28 Total Inventory In Escrow (by price range) 29-30 Average Sales Price YoY %chg Months Supply of Active Inventory (by price range)31-32 $617,683+4.5% Historical Graphs 33-34 YoY % chg = year-over-year percent change comparing current month to the same month last year. SOURCE: Honolulu Board of REALTORS®, residential resales data compiled from HiCentral MLS, Ltd.® ©2023. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed. CONTENTS: CONDOS
SINGLE-FAMILY HOMES
Monthly Indicators
*seefootnotesonpages9-12regardingmethodologyupdatesYoY%chg=year-over-yearpercentchangecomparingcurrentmonthtothesamemonthlastyear. MoM%chg=month-over-monthpercentchangecomparingcurrentmonthtothepreviousmonth.
*seefootnotesonpages9-12regardingmethodologyupdates1-yr%chg=percentchangecomparingthecurrentYTDtimeperiodtothesameYTDtimeperiodoneyearago. 2-yr%chg=percentchangecomparingthecurrentYTDtimeperiodtothesameYTDtimeperiodtwoyearsago.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
July 2023 Jul-23 Jul-22YoY %chgJun-23MoM %chg Jul-23 Jul-22YoY %chgJun-23MoM %chg Closed Sales 224 312-28.2%248-9.7% 422 518-18.5%470-10.2% Median Sales Price $1,090,000 $1,107,944-1.6%$1,050,0003.8% $500,000 $500,0000.0%$510,000-2.0% Average Sales Price $1,270,421 $1,329,023-4.4%$1,300,456-2.3% $617,683 $590,9344.5%$589,5974.8% Median Days on Market 16 1145.5%17-5.9% 16 1233.3%18-11.1% Percent of Orig. List Price Received 100.0% 100.0%0.0%99.5%0.5% 98.8% 100.0%-1.2%98.9%-0.1% New Listings 275 386-28.8%324-15.1% 521 616-15.4%535-2.6% Pending Sales* 247 297-16.8%2316.9% 421 484-13.0%4151.4% Active Inventory* 591 5762.6%605-2.3% 1,154 1,0509.9%1,159-0.4% Total Inventory in Escrow* 383 479-20.0%3703.5% 586 676-13.3%612-4.2% Months Supply of Active Inventory* 2.6 1.662.5%2.60.0% 2.8 1.764.7%2.80.0%
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 1,501 2,266-33.8%2,547-41.1% 2,794 4,214-33.7%4,108-32.0% Median Sales Price $1,050,000 $1,110,500-5.4%$950,00010.5% $500,000 $515,000-2.9%$459,0008.9% Average Sales Price $1,308,781 $1,415,213-7.5%$1,204,2488.7% $614,627 $615,320-0.1%$537,97314.2% Median Days on Market 24 10140.0%9166.7% 21 1190.9%1361.5% Percent of Orig. List Price Received 98.2% 101.6%-3.3%101.8%-3.5% 98.6% 100.0%-1.4%100.0%-1.4% New Listings 1,994 2,745-27.4%2,966-32.8% 3,686 4,830-23.7%4,834-23.7% Pending Sales* 1,749 2,339-25.2%2,800-37.5% 3,002 4,157-27.8%4,512-33.5%
Single-Family Homes Condos Single-Family Homes Condos
4 4 11 17 31 36 12 17 18 15 9 12 3 10 5 0 15 5 6 4 8 19 38 54 23 34 24 19 15 9 9 6 5 8 21 10 0 10 20 30 40 50 60 Closed Sales Sold Price ($) Single-Family Homes Sold July 2023 vs. July 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.
3 33 32 73 67 61 52 32 15 14 26 14 4 16 46 105 82 78 59 44 27 21 27 9 0 20 40 60 80 100 120 Closed Sales Sold Price ($) Condos Sold July 2023 vs. July 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.
Closed Sales
July 2023
OAHU, HAWAII (Acountofpropertiesthathaveclosedinagivenmonth)
Mo-Yr
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
Jul-214046711,075
Aug-214256751,100
Sep-214246151,039
Oct-21381611992
Nov-21371601972
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Single-Family HomesCondosTotal
May-223446881,032 Monthly Closed Sales Year-to-Date Closed Sales Jun-22357626983JulySFHYoY%chgCNDYoY%chgJulyYTDSFHYoY%chgYTDCNDYoY%chg Jul-22312518830202140411.9%67157.5%20212,54729.0%4,10868.4% Aug-223145088222022312-22.8%518-22.8%20222,266-11.0%4,2142.6% Sep-22278496774 2023224-28.2%422-18.5% 2023 1,501-33.8%2,794-33.7% Oct-22222435657 Nov-22192340532 Dec-22202360562 Jan-23150275425 Feb-23173325498 Mar-23236444680 Apr-23208420628 May-23262438700 Jun-23248470718 Jul-23224 422 646
Dec-21378593971 Jan-22326552878 Feb-22241486727 Mar-22321672993 Apr-223656721,037
0 100 200 300 400 500 600 700 800 Sales Closed Sales Single-Family Homes Condos 0 500 1,000 1,500 2,000 2,500 3,000 202120222023 Closed Sales SFH(YTD) 0 1,000 2,000 3,000 4,000 5,000 202120222023 Closed Sales CND(YTD) 0 100 200 300 400 500 202120222023 Closed Sales SFH(Jul) 0 200 400 600 800 202120222023 Closed Sales CND(Jul)
Median Sales Price
July 2023
OAHU, HAWAII
(Themediansalespriceofallclosedpropertiesinagivenmonth)
Mo/Yr Single-Family HomesCondos
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
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 Monthly Median Sales Price
Median Sales Price
Sep-22$1,100,000$502,500 2023$1,090,000-1.6%$500,0000.0% 2023 $1,050,000-5.4%$500,000-2.9%
Oct-22$1,050,000$520,000
Nov-22$1,149,500$480,000
Dec-22$1,049,500$502,500
Year-to-Date Median Sales Price Jun-22$1,100,000$534,000JulySFHYoY%chgCNDYoY%chgJulyYTDSFHYoY%chgYTDCNDYoY%chg Jul-22$1,107,944$500,0002021$992,50021.8%$475,0008.0%2021$950,00020.3%$459,0006.7% Aug-22$1,125,500$498,5002022$1,107,94411.6%$500,0005.3%2022$1,110,50016.9%$515,00012.2%
Mar-23$1,083,750$536,000 Apr-23$999,995$500,000 May-23$1,109,000$505,000 Jun-23$1,050,000$510,000 Jul-23$1,090,000$500,000
Jan-23$970,000$495,000 Feb-23$987,000$480,000
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Price ($)
Single-Family Homes Condos 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 ($) SFH(Jul) 0K 100K 200K 300K 400K 500K 600K 202120222023 Price ($) CND(Jul)
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Average Sales Price
July 2023
OAHU, HAWAII
(Theaveragesalespriceofallclosedpropertiesinagivenmonth)
Mo/Yr Single-Family HomesCondos
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
Jan-22$1,277,309$623,928
Feb-22$1,486,088$583,367
Mar-22$1,570,668$623,684
Average Sales Price
Apr-22$1,404,481$613,189 May-22$1,450,008$625,327 Monthly Average Sales Price Year-to-Date Average Sales Price Jun-22$1,382,559$631,822JulySFHYoY%chgCNDYoY%chgJulyYTDSFHYoY%chgYTDCNDYoY%chg Jul-22$1,329,023$590,9342021$1,265,38224.5%$544,06414.5%2021$1,204,24825.5%$537,9737.4% Aug-22$1,341,958$547,3192022$1,329,0235.0%$590,9348.6%2022$1,415,21317.5%$615,32014.4% Sep-22$1,307,249$607,502 2023$1,270,421-4.4%$617,6834.5% 2023 $1,308,781-7.5%$614,627-0.1% 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 Mar-23$1,391,538$651,630
Apr-23$1,223,383$603,795 May-23$1,355,804$623,748 Jun-23$1,300,456$589,597 Jul-23$1,270,421$617,683
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 Price ($)
Single-Family Homes Condos 0K 500K 1.0M 1.5M 202120222023 Price ($) SFH(YTD) 0K 100K 200K 300K 400K 500K 600K 700K 202120222023 Price ($) CND(YTD) 0K 200K 400K 600K 800K 1.0M 1.2M 1.4M 202120222023 Price ($) SFH(Jul) 0K 100K 200K 300K 400K 500K 600K 700K 202120222023 Price ($) CND(Jul)
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Median Days on Market
OAHU, HAWAII
(DaysonMarketrepresentsthenumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted;theMedianDaysonMarketrepresentsthemedianofallsalesinagivenmonth)
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
July 2023
Mo/Yr Single-Family HomesCondos Jul-201326 Aug-201523 Sep-20921 Oct-201018 Nov-201016 Dec-201019 Jan-21918 Feb-21918 Mar-21914 Apr-21913
Jun-21811 Jul-21911 Aug-21912 Sep-21911 Oct-211011 Nov-21119 Dec-211113 Jan-221214 Feb-221314 Mar-2299 Apr-221012 May-221010 Monthly Median Days on Market Year-to-Date Median Days on Market Jun-221011JulySFHYoY%chgCNDYoY%chgJulyYTDSFHYoY%chgYTDCNDYoY%chg Jul-22111220219-30.8%11-57.7%20219-52.6%13-56.7% Aug-22131320221122.2%129.1%20221011.1%11-15.4% Sep-221814 20231645.5%1633.3% 202324140.0%2190.9% Oct-221919 Nov-221818 Dec-222521 Jan-232424 Feb-234728 Mar-233624 Apr-232420 May-232120 Jun-231718 Jul-2316 16
May-21812
0 5 10 15 20 25 30 35 40 45 50 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 202120222023 Days on Market CND(YTD) 0 5 10 15 20 202120222023 Days on Market SFH(Jul) 0 5 10 15 20 202120222023 Days on Market CND(Jul)
Percent of Original List Price Received
July 2023
OAHU, HAWAII
(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodindicated)
Mo/Yr Single-Family HomesCondos
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%
Sep-21103.1%100.0%
Oct-21102.2%100.0%
Nov-21102.2%100.0%
Dec-21102.1%100.0%
Jan-22101.6%100.0%
Feb-22100.8%100.0%
Mar-22102.0%100.0%
Apr-22102.6%100.0%
May-22102.2%100.0% Monthly Percent of Original List Price Received
Percent of Original List Price Received
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Year-to-Date Percent of Original List Price Received
Jun-22102.0%100.0%JulySFHYoY%chgCNDYoY%chgJulyYTDSFHYoY%chgYTDCNDYoY%chg Jul-22100.0%100.0%2021103.9%5.2%100.0%2.1%2021101.8%3.2%100.0%2.2% Aug-22100.0%100.0%2022100.0%-3.8%100.0%0.0%2022101.6%-0.2%100.0%0.0% Sep-2299.2%100.0% 2023100.0%0.0%98.8%-1.2% 202398.2%-3.3%98.6%-1.4% 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% Mar-2396.7%98.5% Apr-2398.3%98.7% May-2398.7%99.0% Jun-2399.5%98.9% Jul-23100.0%98.8% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% Percent Received
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% 105.0% 202120222023 Percent Received SFH(Jul) 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202120222023 Percent Received CND(Jul)
New Listings
July 2023
OAHU, HAWAII
(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)
Mo-Yr Single-Family HomesCondosTotal
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
Jan-22320666986
Feb-223677391,106
Mar-224127141,126
Apr-224247221,146
May-224456871,132
Monthly New Listings Year-to-Date New Listings Jun-223916861,077JulySFHYoY%chgCNDYoY%chgJulyYTDSFHYoY%chgYTDCNDYoY%chg Jul-223866161,002202146911.1%6641.1%20212,96611.3%4,83416.5% Aug-223816089892022386-17.7%616-7.2%20222,745-7.5%4,830-0.1% Sep-22304601905 2023275-28.8%521-15.4% 2023 1,994-27.4%3,686-23.7% Oct-22285532817 Nov-22289526815 Dec-22164371535 Jan-23268523791 Feb-23233463696 Mar-23293530823 Apr-23292532824 May-23309582891 Jun-23324535859 Jul-23275 521 796
0 100 200 300 400 500 600 700 800 900 Listings New Listings Single-Family Homes Condos 0 500 1,000 1,500 2,000 2,500 3,000 3,500 202120222023 Closed Sales SFH(YTD) 0 1,000 2,000 3,000 4,000 5,000 6,000 202120222023 Closed Sales CND(YTD) 0 100 200 300 400 500 202120222023 New Listings SFH(Jul) 0 100 200 300 400 500 600 700 202120222023 Closed Sales CND(Jul)
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Pending Sales*
July 2023
OAHU, HAWAII
(Ameasureofcontractactivityrepresentedbyacountofpropertiesthathavehadoffersacceptedonthemduringagivenmonth)
Mo/Yr Single-Family HomesCondosTotal
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
Jan-22315574889
Feb-22316643959
Mar-223846911,075
Apr-223666631,029
May-22356601957
Jan-23267378645
Feb-23217399616
Mar-23258444702
Apr-23271438709
May-23258507765
Jun-23231415646
Jul-23247 421 668
*Methodologyupdatedasof2021toreflectacountofpropertiesthatenteredcontractwithinthegivenmonthandremaininescrowstatusattheendofthemonth(alsoappliedtohistoricaldatashownabove). PendingSales,inreportspriorto2021,reflectacountofalllistingsthatheldaPending(P)statusthroughoutthegivenmonth.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Monthly Pending Sales Year-to-Date Pending Sales Jun-22305501806JulySFHYoY%chgCNDYoY%chgJulyYTDSFHYoY%chgYTDCNDYoY%chg Jul-2229748478120214332.6%65836.2%20212,80014.0%4,51265.1% Aug-223124757872022297-31.4%484-26.4%20222,339-16.5%4,157-7.9% Sep-22224436660 2023247-16.8%421-13.0% 20231,749-25.2%3,002-27.8% Oct-22198342540
Nov-22198359557 Dec-22168289457
0 100 200 300 400 500 600 700 800 Listings Pending Sales Single-Family Homes Condos 0 500 1,000 1,500 2,000 2,500 3,000 202120222023 Pending Sales SFH(YTD) 0 1,000 2,000 3,000 4,000 5,000 202120222023 Pending Sales CND(YTD) 0 100 200 300 400 500 202120222023 Pending Sales SFH(Jul) 0 100 200 300 400 500 600 700 202120222023 Pending Sales CND(Jul)
Active Inventory*
July 2023
OAHU, HAWAII
(ThenumberofpropertiesinActive(A)statusattheendofthegivenmonth)
Mo/Yr Single-Family HomesCondosTotal
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
Sep-214371,0301,467
Oct-214011,0391,440
Nov-213661,0331,399
Dec-213099461,255
Jan-223119671,278
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-235471,1771,724
Mar-235411,1521,693
Apr-235351,1441,679
May-235431,1181,661
Jun-236051,1591,764
Jul-23591 1,1541,745
*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.
Active Inventory Total Active Inventory: Single-Family Homes
Feb-223489891,337JulySFHYoY%chgCNDYoY%chg Mar-223609191,2792021415-35.4%969-46.6% Apr-223959171,312202257638.8%1,0508.4% May-224719391,410 20235912.6%1,1549.9%
+ Condos
0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Listings Active Inventory Single-Family Homes Condos 0 500 1,000 Active202120222023 Listings SFH(Jul) 0 500 1,000 1,500 Active202120222023 Listings CND(Jul) 0 500 1,000 1,500 2,000 2,500 3,000 Jul-20Jul-21Jul-22Jul-23 Listings Total Active Inventory Single-Family Homes + Condos Single-Family Homes Condos
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Total Inventory In Escrow*
July 2023
OAHU, HAWAII
(Thenumberofpropertiesundercontractattheendofthegivenmonth/combinedlistingsinCandPstatus)
Mo/Yr Single-Family HomesCondosTotal
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
Sep-216609511,611
Oct-216639351,598
Nov-216378991,536
Dec-215287841,312
Jan-224987971,295
Jun-225097281,237
Jul-224796761,155
Aug-224626541,116
Sep-22388590978
Oct-22345506851
Nov-22319512831
Dec-22278430708
Jan-23376523899
Feb-23386592978
Mar-23393602995
Apr-234356231,058
May-234186861,104
Jun-23370612982
Jul-23383 586 969
*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Feb-225449461,490JulySFHYoY%chgCNDYoY%chg Mar-226039801,5832021735-0.9%1,02643.7% Apr-225929561,5482022479-34.8%676-34.1% May-225838561,439 2023383-20.0%586-13.3%
Total Inventory In Escrow Total Inventory In Escrow: Single-Family Homes + Condos
0 200 400 600 800 1,000 1,200 1,400 Listings
Inventory In Escrow
Homes Condos 0 200 400 600 800 202120222023 Listings SFH(Jul) 0 500 1,000 1,500 202120222023 Listings CND(Jul) 0 500 1,000 1,500 2,000 2,500 Jul-20Jul-21Jul-22Jul-23 Listings
Inventory In Escrow Single-Family Homes + Condos Single-Family Homes Condos
Total
Single-Family
Total
Months Supply of Active Inventory*
July 2023
OAHU, HAWAII
(Comparesactiveinventorytoarolling12-monthaverageclosedsales)
Single-Family HomesCondos
Jan-220.81.6 Months Supply of Active Inventory Active Inventory vs. Closed Sales Feb-220.91.6JulySFHYoY%chgCNDYoY%chg
*Methodologyupdatedasof2021(alsoappliedtohistoricaldatashownonthischart).
MonthsofInventory,inreportspriorto2021,reflectacomparisonofactivelistingstoaveragependingsales.
Oct-211.11.8
Mo/Yr
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 Jul-211.11.8 Aug-211.11.7 Sep-211.21.8
Nov-211.01.7 Dec-210.81.6
Mar-221.01.520211.1-47.6%1.8-60.9% Apr-221.11.520221.645.5%1.7-5.6% May-221.31.5 20232.662.5%2.864.7% Jun-221.51.6 Jul-221.61.7 Aug-221.71.8 Sep-221.92.0 Oct-222.12.1
Dec-222.12.2 Jan-232.02.4 Feb-232.02.4 Mar-232.12.4 Apr-232.12.5 May-232.22.6 Jun-232.62.8 Jul-232.6
Nov-222.22.3
2.8
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(Jul) 0 1 2 3
of Inventory CND(Jul) 0 200 400 600 800 Jul-20Jul-21Jul-22Jul-23 Sales/Listings Single-Family Homes Active Closed 0 500 1,000 1,500 2,000 Jul-20Jul-21Jul-22Jul-23 Sales/Listings Condos Active Closed
Months Supply of Active Inventory
Months202120222023
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Housing Supply Overview
OAHU,
(Ayear-over-yearoverviewoftheavailabilityandsalesofpropertiesinagivenmonth,bypricerange)
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
July 2023
HAWAII
Single-Family HomesJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22 %chgJul-23Jul-22%chg $449,999 and below 34-25.0%7283-13.3%91.5%82.7%10.6%42100.0%3250.0%550.0%46-33.3%1.71.70.0% $450,000 - $599,999 56-16.7%11417570.6%100.0%99.3%0.7%114175.0%11837.5%167128.6%1721-19.0%3.20.9255.6% $600,000 - $699,999 11837.5%818-55.6%100.0%98.6%1.4%918-50.0%713-46.2%302520.0%1323-43.5%3.31.883.3% $700,000 - $799,999 1719-10.5%408400.0%98.7%100.0%-1.3%2529-13.8%26260.0%383411.8%4046-13.0%1.91.258.3% $800,000 - $899,999 3138-18.4%2110110.0%100.0%100.0%0.0%3249-34.7%373119.4%64631.6%54531.9%1.91.435.7% $900,000 - $999,999 3654-33.3%141040.0%100.1%102.3%-2.2%3854-29.6%3745-17.8%575014.0%5370-24.3%2.01.0100.0% $1,000,000 - $1,499,999 71115-38.3%151225.0%98.5%100.0%-1.5%71128-44.5%76117-35.0%147153-3.9%116156-25.6%1.91.346.2% $1,500,000 - 1,999,999 3037-18.9%10100.0%100.3%101.3%-1.0%4247-10.6%2933-12.1%827312.3%4756-16.1%3.21.788.2% $2,000,000 - $2,999,999 1521-28.6%12933.3%97.7%100.0%-2.3%2130-30.0%1114-21.4%5762-8.1%2130-30.0%3.82.740.7% $3,000,000 and above 510-50.0%151225.0%99.3%100.0%-0.7%2225-12.0%10825.0%95104-8.7%18180.0%11.96.195.1% All Single-Family Homes224312-28.2%161145.5%100.0%100.0%0.0%275386-28.8%247297-16.8%5915762.6%383479-20.0%2.61.662.5% Condos Jul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chgJul-23Jul-22%chg $149,999 and below 171154.5%3654-33.3%92.9%89.2%4.1%171070.0%921-57.1%5326103.8%1828-35.7%3.81.4171.4% $150,000 - $299,999 5155-7.3%211361.5%97.6%97.8%-0.2%6077-22.1%5256-7.1%124162-23.5%7390-18.9%2.42.020.0% $300,000 - $399,999 73105-30.5%171154.5%98.5%100.0%-1.5%7488-15.9%6275-17.3%12811016.4%85101-15.8%1.91.258.3% $400,000 - $499,999 6782-18.3%121020.0%99.0%100.0%-1.0%84119-29.4%76108-29.6%14412812.5%96132-27.3%2.01.266.7% $500,000 - $599,999 6178-21.8%171070.0%100.0%100.0%0.0%7277-6.5%81758.0%1268351.8%103109-5.5%2.10.9133.3% $600,000 - $699,999 5259-11.9%15147.1%99.1%100.0%-0.9%68646.3%534810.4%1078920.2%79746.8%2.21.369.2% $700,000 - $999,999 6192-33.7%1112-8.3%99.5%100.0%-0.5%83126-34.1%6077-22.1%204214-4.7%90100-10.0%3.22.060.0% $1,000,000 - $1,499,999 2021-4.8%211910.5%96.8%96.6%0.2%3338-13.2%161323.1%1191144.4%2426-7.7%6.03.666.7% $1,500,000 - $1,999,999 660.0%165220.0%98.6%100.0%-1.4%151136.4%37-57.1%61610.0%610-40.0%8.76.827.9% $2,000,000 and above 14955.6%23219.5%96.5%96.2%0.3%156150.0%94125.0%886339.7%126100.0%11.06.374.6% All Condos 422518-18.5%161233.3%98.8%100.0%-1.2%521616-15.4%421484-13.0%1,1541,0509.9%586676-13.3%2.81.764.7% 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
Closed Sales by Price Range: Single-Family Homes
July 2023
OAHU, HAWAII
(Acountofpropertiesthathaveclosedinagivenmonth) Single-Family
$449,999andbelow34-25.0%3034-11.8%
$450,000-$599,99956-16.7%6090-33.3%
$600,000-$699,99911837.5%113172-34.3%
$700,000-$799,9991719-10.5%235347-32.3%
$800,000-$899,9993138-18.4%393541-27.4%
$900,000-$999,9993654-33.3%348601-42.1%
$1,000,000-$1,499,99971115-38.3%9311,469-36.6%
$1,500,000-1,999,9993037-18.9%317517-38.7%
$2,000,000-$2,999,9991521-28.6%181270-33.0%
$3,000,000andabove510-50.0%101204-50.5%
All Single-Family Homes 224312-28.2%2,7094,245-36.2%
This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
HomesJul-23Jul-22%chg 12-mth Total This Period 12-mth Total Last Period %chg
0 20 40 60 80 100 120 140 $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
1-mth Period: Single-Family Homes Jul-23 Jul-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
12-mth Period: Single-Family Homes 12-mth Total This Period 12-mth Total Last Period
Sales by Price Range
Sales by Price Range
Closed Sales by Price Range: Condos
OAHU, HAWAII
(Acountofpropertiesthathaveclosedinagivenmonth)
$149,999andbelow171154.5%171217-21.2%
$150,000-$299,9995155-7.3%608959-36.6%
$300,000-$399,99973105-30.5%8091,096-26.2%
$400,000-$499,9996782-18.3%8531,282-33.5%
$500,000-$599,9996178-21.8%7231,089-33.6%
$600,000-$699,9995259-11.9%580799-27.4%
$1,500,000-$1,999,999660.0%87110-20.9%
$2,000,000andabove14955.6%95121-21.5%
All Condos 422518-18.5%4,9337,309-32.5% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
July 2023
Condos Jul-23Jul-22%chg 12-mth Total This Period 12-mth Total Last Period %chg
$700,000-$999,9996192-33.7%7631,256-39.3% $1,000,000-$1,499,9992021-4.8%244380-35.8%
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 Jul-23 Jul-22 0 200 400 600 800 1,000 1,200 1,400 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above 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
July 2023
OAHU, HAWAII
(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted) Single-Family
Median Days on Market by Price Range
1-mth Period:
$449,999andbelow7283-13.3%171154.5%
$450,000-$599,99911417570.6%3812216.7%
$600,000-$699,999818-55.6%3110210.0%
$700,000-$799,999408400.0%299222.2%
$800,000-$899,9992110110.0%2510150.0%
Median Days on Market by Price Range
$900,000-$999,999141040.0%181080.0%
$3,000,000andabove151225.0%442857.1%
All Single-Family Homes 161145.5%2010100.0%
This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
HomesJul-23Jul-22%chg 12-mth Median This Period 12-mth Median Last Period %chg
$2,000,000-$2,999,99912933.3%161233.3%
$1,000,000-$1,499,999151225.0%171070.0% $1,500,000-1,999,99910100.0%141040.0%
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 Days on Market Sold Price
Single-Family
Jul-23 Jul-22 0 5 10 15 20 25 30 35 40 45 50 $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 Homes
Median Days on Market by Price Range: Condos
July 2023
OAHU, HAWAII
(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted)
$149,999andbelow3654-33.3%28267.7%
$150,000-$299,999211361.5%201811.1%
$300,000-$399,999171154.5%181250.0%
$400,000-$499,999121020.0%141040.0%
$500,000-$599,999171070.0%151050.0%
$600,000-$699,99915147.1%199111.1%
$700,000-$999,9991112-8.3%209122.2%
$2,000,000andabove23219.5%3546-23.9%
All Condos 161233.3%181163.6%
This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Condos Jul-23Jul-22%chg 12-mth Median This Period 12-mth Median Last Period %chg
$1,000,000-$1,499,999211910.5%321788.2% $1,500,000-$1,999,999165220.0%4318138.9%
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
Days on Market by Price Range 1-mth Period: Condos Jul-23 Jul-22 0 5 10 15 20 25 30 35 40 45 50 $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
Median
on Market
Price Range
Period: Condos 12-mth Median This Period 12-mth Median Last Period
Median Days
by
12-mth
Median Percent of Original List Price Received by
July 2023
OAHU, HAWAII
Price Range: Single-Family Homes
(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)
Median Percent of Original List Price Received by Price Range
$1,500,000-1,999,999100.3%101.3%-1.0%100.0%102.3%-2.2%
Median Percent of Original List Price Received by Price Range 12-mth Period:
$2,000,000-$2,999,99997.7%100.0%-2.3%97.7%100.1%-2.4%
$3,000,000andabove99.3%100.0%-0.7%96.1%96.9%-0.8%
All Single-Family Homes 100.0%100.0%0.0%98.4%102.0%-3.5%
This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Single-Family HomesJul-23Jul-22%chg 12-mth Median This Period 12-mth Median Last Period %chg $449,999andbelow91.5%82.7%10.6%98.9%100.0%-1.1% $450,000-$599,999100.0%99.3%0.7%97.1%100.0%-2.9% $600,000-$699,999100.0%98.6%1.4%97.1%100.8%-3.7% $700,000-$799,99998.7%100.0%-1.3%98.1%102.2%-4.0% $800,000-$899,999100.0%100.0%0.0%98.3%102.7%-4.3% $900,000-$999,999100.1%102.3%-2.2%99.2%102.6%-3.3% $1,000,000-$1,499,99998.5%100.0%-1.5%98.5%102.6%-4.0%
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 Jul-23 Jul-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
Single-Family Homes 12-mth Median This Period 12-mth Median Last Period
Median Percent of Original List Price Received by Price Range: Condos
July 2023
OAHU, HAWAII
(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)
Median Percent of Original List Price Received by Price Range
$1,000,000-$1,499,99996.8%96.6%0.2%96.3%98.5%-2.2%
Median Percent of Original List Price Received by Price Range
$1,500,000-$1,999,99998.6%100.0%-1.4%95.5%97.7%-2.3%
$2,000,000andabove96.5%96.2%0.3%96.8%95.0%1.9%
All Condos 98.8%100.0%-1.2%98.9%100.0%-1.1% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Condos Jul-23Jul-22%chg 12-mth Median This Period 12-mth Median Last Period %chg $149,999andbelow92.9%89.2%4.1%95.6%96.6%-1.0% $150,000-$299,99997.6%97.8%-0.2%98.2%98.6%-0.4% $300,000-$399,99998.5%100.0%-1.5%99.0%100.0%-1.0% $400,000-$499,99999.0%100.0%-1.0%100.0%100.0%0.0% $500,000-$599,999100.0%100.0%0.0%100.0%100.2%-0.2% $600,000-$699,99999.1%100.0%-0.9%98.8%100.8%-2.0% $700,000-$999,99999.5%100.0%-0.5%98.8%100.2%-1.4%
82.0% 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
1-mth Period: Condos Jul-23 Jul-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
July 2023
OAHU, HAWAII
(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)
$449,999andbelow42100.0%2128-25.0%
$450,000-$599,999114175.0%78101-22.8%
$600,000-$699,999918-50.0%132209-36.8%
$700,000-$799,9992529-13.8%266408-34.8%
$800,000-$899,9993249-34.7%469608-22.9%
$900,000-$999,9993854-29.6%443683-35.1%
$1,000,000-$1,499,99971128-44.5%1,0431,411-26.1%
$1,500,000-1,999,9994247-10.6%470529-11.2%
$2,000,000-$2,999,9992130-30.0%257320-19.7%
$3,000,000andabove2225-12.0%238299-20.4%
All Single-Family Homes275386-28.8%3,4174,596-25.7%
This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
HomesJul-23Jul-22%chg 12-mth Total This Period 12-mth Total Last Period %chg
Single-Family
0 20 40 60 80 100 120 140 $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 New Listings by Price Range 1-mth Period: Single-Family Homes Jul-23 Jul-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 New Listings Original List Price New Listings by Price Range 12-mth Period: Single-Family Homes 12-mth Total This Period 12-mth Total Last Period
New Listings by Price Range: Condos July 2023
OAHU, HAWAII
(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)
$149,999andbelow171070.0%194214-9.3%
$150,000-$299,9996077-22.1%7201,074-33.0%
$300,000-$399,9997488-15.9%9541,247-23.5%
$400,000-$499,99984119-29.4%1,0051,398-28.1%
$500,000-$599,9997277-6.5%8911,165-23.5%
$600,000-$699,99968646.3%744910-18.2%
$700,000-$999,99983126-34.1%1,0251,341-23.6%
$1,000,000-$1,499,9993338-13.2%391458-14.6%
$1,500,000-$1,999,999151136.4%1891814.4%
$2,000,000andabove156150.0%21118414.7%
All Condos 521616-15.4%6,3248,172-22.6% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Condos Jul-23Jul-22%chg 12-mth Total This Period 12-mth Total Last Period %chg
0 20 40 60 80 100 120 140 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above New Listings Original List Price New
1-mth Period: Condos Jul-23 Jul-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
12-mth Period: Condos 12-mth Total This Period 12-mth Total Last Period
Listings by Price Range
Listings by Price Range
Pending Sales by Price Range: Single-Family Homes
July 2023
OAHU, HAWAII
(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth)
Pending Sales by Price Range
$449,999andbelow3250.0%2933-12.1%
$450,000-$599,99911837.5%68115-40.9%
$600,000-$699,999713-46.2%132211-37.4%
$700,000-$799,99926260.0%262390-32.8%
$800,000-$899,999373119.4%443586-24.4%
Pending Sales by Price Range
$900,000-$999,9993745-17.8%372671-44.6%
$1,000,000-$1,499,99976117-35.0%9251,321-30.0%
$1,500,000-1,999,9992933-12.1%308452-31.9%
$2,000,000-$2,999,9991114-21.4%187241-22.4%
$3,000,000andabove10825.0%123186-33.9%
All Single-Family Homes 247297-16.8%2,8494,206-32.3%
This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Single-Family HomesJul-23Jul-22%chg 12-mth Total This Period 12-mth Total Last Period %chg
0 20 40 60 80 100 120 140 $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 Pending Sales Current List Price
1-mth Period: Single-Family Homes Jul-23 Jul-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 Pending Sales Current List Price
12-mth Period: Single-Family Homes 12-mth Total This Period 12-mth Total Last Period
Pending Sales by Price Range: Condos
July 2023
OAHU, HAWAII
(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth)
Pending Sales by Price Range
$149,999andbelow921-57.1%154218-29.4%
$150,000-$299,9995256-7.1%601924-35.0%
$300,000-$399,9996275-17.3%8371,180-29.1%
$400,000-$499,99976108-29.6%8371,319-36.5%
$500,000-$599,99981758.0%7011,036-32.3%
Pending Sales by Price Range
$600,000-$699,999534810.4%611823-25.8%
$1,500,000-$1,999,99937-57.1%92107-14.0%
$2,000,000andabove94125.0%100110-9.1%
All Condos 421484-13.0%4,9037,117-31.1%
This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Condos Jul-23Jul-22%chg 12-mth Total This Period 12-mth Total Last Period %chg
$700,000-$999,9996077-22.1%7371,068-31.0% $1,000,000-$1,499,999161323.1%233332-29.8%
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 Pending Sales Current List Price
1-mth Period: Condos Jul-23 Jul-22 0 200 400 600 800 1,000 1,200 1,400 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above 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
July 2023
OAHU, HAWAII
(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)
Single-Family HomesJul-23Jul-22YOY chg
Active Inventory by Price Range
$449,999andbelow550.0%
$450,000-$599,999167128.6%
$600,000-$699,999302520.0%
$700,000-$799,999383411.8%
$800,000-$899,99964631.6%
$900,000-$999,999575014.0%
Active Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)
$1,000,000-$1,499,999147153-3.9%
$1,500,000-1,999,999827312.3%
$2,000,000-$2,999,9995762-8.1%
*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
$3,000,000andabove95104-8.7% All Single-Family Homes 5915762.6%
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 Active Listings Current List Price
Single-Family Homes Jul-23 Jul-22 2% 10% 20% 39% 29% JUL-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 4% 11% 20% 39% 26% JUL-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
Active Inventory* by Price Range: Condos
July 2023
OAHU, HAWAII
(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)
Condos Jul-23Jul-22YOY chg
Active Inventory by Price Range
$149,999andbelow5326103.8%
$150,000-$299,999124162-23.5%
$300,000-$399,99912811016.4%
$400,000-$499,99914412812.5%
$500,000-$599,9991268351.8%
$600,000-$699,9991078920.2%
Active Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)
$700,000-$999,999204214-4.7%
$1,000,000-$1,499,9991191144.4%
$1,500,000-$1,999,99961610.0%
$2,000,000andabove886339.7%
All Condos 1,1541,0509.9%
*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
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 Jul-23 Jul-22 18% 23% 16% 31% 12% JUL-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% 24% 20% 28% 13% JUL-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
July 2023
OAHU, HAWAII
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Single-Family Homes J-21A-21S-21O-21N-21D-21J-22F-22M-22A-22M-22J-22J-22A-22S-22O-22N-22D-22J-23F-23M-23A-23M-23J-23J-23 $599,999 and below 201513181313811111014151281014161512241815131821 $600,000 to $799,999 33433939342422403827384659576480946765626955606668 $800,000 to $999,999 717078625444544952719399113128133157148143121115127117117130121 $1,000,000 to $1,999,999 146145165155135101111139139160193218226236251243251216207204191201209240229 $2,000,000 and above 145143142127130127116109120127133149166167171162173156146142136147144151152 Total 415416437401366309311348360395471527576596629656682597551547541535543605591 Condos
$299,999 and below 227217227218205198188204188194187199188176184183189185179185183182184177177 $300,000 to $499,999 272266298302275248250243205194219229238243263267292261277282251251252273272 $500,000 to $699,999 145142152158189158183183165161162171172196250274272245243229251244236252233 $700,000 to $1,499,999 187191206218227203216232232240253271328330317325340318329322308307289309323 $1,500,000 and above 138134147143137139130127129128118128124128127145151161168159159160157148149 Total 9699501,0301,0391,0339469679899199179399981,0501,0731,1411,1941,2441,1701,1961,1771,1521,1441,1181,1591,154 *Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus. 0 50 100 150 200 250 300 Jul-21 Jul-22 Jul-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 Jul-21 Jul-22 Jul-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-21A-21S-21O-21N-21D-21J-22F-22M-22A-22M-22J-22J-22A-22S-22O-22N-22D-22J-23F-23M-23A-23M-23J-23J-23
Total Inventory In Escrow* by Price Range: Single-Family Homes July 2023
OAHU, HAWAII
(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)
Single-Family HomesJul-23Jul-22YOY chg
Total Inventory In Escrow by Price Range
$449,999andbelow46-33.3%
$450,000-$599,9991721-19.0%
$600,000-$699,9991323-43.5%
$700,000-$799,9994046-13.0%
$800,000-$899,99954531.9%
$900,000-$999,9995370-24.3%
Total Inventory In Escrow - Percent Share by Price Range
(portionoftotalinventoryinescrowrepresentedbyagivenprice range)
$1,000,000-$1,499,999116156-25.6%
$1,500,000-1,999,9994756-16.1%
$2,000,000-$2,999,9992130-30.0%
$3,000,000andabove18180.0%
All Single-Family Homes 383479-20.0%
*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
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 Active Listings Current List Price
Single-Family Homes Jul-23 Jul-22 6% 14% 26% 44% 10% JUL-22 $599,999 and below $600,000 to $799,999 $800,000
$999,999 $1,000,000
$1,999,999 $2,000,000 and
5% 14% 28% 43% 10% JUL-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
to
to
above
Total Inventory In Escrow* by Price Range: Condos July 2023
OAHU, HAWAII
(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)
Condos Jul-23Jul-22YOY chg
Total Inventory In Escrow by Price Range
$149,999andbelow1828-35.7%
$150,000-$299,9997390-18.9%
$300,000-$399,99985101-15.8%
$400,000-$499,99996132-27.3%
$500,000-$599,999103109-5.5%
$600,000-$699,99979746.8%
Total Inventory In Escrow - Percent Share by Price Range
$700,000-$999,99990100-10.0%
$1,000,000-$1,499,9992426-7.7%
$1,500,000-$1,999,999610-40.0% $2,000,000andabove126100.0%
All Condos 586676-13.3%
*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
(portionoftotalinventoryinescrowrepresentedbyagivenprice range) 0 20 40 60 80 100 120 140 $149,999 and below $150,000$299,999 $300,000$399,999 $400,000$499,999 $500,000$599,999 $600,000$699,999 $700,000$999,999 $1,000,000$1,499,999 $1,500,000$1,999,999 $2,000,000 and above Active Listings Current List Price
Condos Jul-23 Jul-22 17% 35% 27% 19% 2% JUL-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% 31% 31% 19% 3% JUL-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 July 2023
OAHU, HAWAII
(Comparesactiveinventorytoarolling12-monthaverageclosedsales)
Single-Family HomesJul-23Jul-22YOY chg
Months Supply of Inventory by Price Range
$449,999andbelow1.71.70.0%
$450,000-$599,9993.20.9255.6%
$600,000-$699,9993.31.883.3%
$700,000-$799,9991.91.258.3%
Months Supply of Inventory
to $1,999,999
and above
SOURCE:
$1,000,000-$1,499,9991.91.346.2% $1,500,000-1,999,9993.21.788.2%
All Single-Family Homes 2.61.662.5% 0 3 6 9 12 15 $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
$800,000-$899,9991.91.435.7% $900,000-$999,9992.01.0100.0%
$2,000,000-$2,999,9993.82.740.7% $3,000,000andabove11.96.195.1%
Single-Family Homes Jul-23 Jul-22 0 2 4 6 8 Jul-21Jul-22Jul-23 Months of Inventory
Single-Family Homes $599,999 and below $600,000
$800,000
$1,000,000
to $799,999
to $999,999
$2,000,000
Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Months Supply of Active Inventory by Price Range: Condos July 2023
OAHU, HAWAII
(Comparesactiveinventorytoarolling12-monthaverageclosedsales)
Condos Jul-23Jul-22YOY chg
Months Supply of Inventory by Price Range
$149,999andbelow3.81.4171.4%
$150,000-$299,9992.42.020.0%
$300,000-$399,9991.91.258.3%
$400,000-$499,9992.01.266.7%
$500,000-$599,9992.10.9133.3%
$600,000-$699,9992.21.369.2%
Months Supply of Inventory
to $699,999
to $1,499,999
and above
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2023.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
All Condos 2.81.764.7% 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
$700,000-$999,9993.22.060.0% $1,000,000-$1,499,9996.03.666.7% $1,500,000-$1,999,9998.76.827.9% $2,000,000andabove11.06.374.6%
Condos Jul-23 Jul-22 0 2 4 6 8 10 12 14 Jul-21Jul-22Jul-23 Months of Inventory
Condos $299,999 and
$300,000
$500,000
$700,000
$1,500,000
below
to $499,999
Closed Sales 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.
Median Sales Price
Single-Family Homes and Condos OAHU, 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 SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2023. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.
