Oahu Real Estate Update - February 2024

Page 1

MONTHLY STATS REPORT

FEBRUARY 2024

Single-family home sales totaled 179, while condo sales reached 334 a modest gain of 3.5% and 2.8%, respectively. When combined with January sales, 2024 shows continued improvement over 2023, with total year-to-date sales up by 7.2% compared to the same period last year.

Both markets experienced year-over-year growth in median sales price. Single-family homes observed an 8.9% jump, reaching $1,075,000, while condo sales increased 6.8% to $512,500. Additionally, the median days on the market for single-family homes decreased by 17 days to 30 days from 47 days in February 2023. However, condos stayed on the market longer than last year, with a median of 39 days compared to 28 days.

Sales volume for single-family homes remained steady compared to last year, up just six sales. Homes priced $1,000,000 and above made up nearly 60% of total sales this February, compared to 49% in February 2023, a 25.9% year-over-year increase. Conversely, single-family home sales below $1,000,000 dipped by 18.2% year-over-year. In the condo market, the $500,000 to $699,999 price range experienced the most significant growth, with 96 sales compared to 67 in February 2023, an increase of 43.3% or 29 units. Meanwhile, condos priced between $200,000 to $499,999 declined by 17.9%, or 30 sales.

New listings improved from last year, with 295 in the single-family home market and 533 in the condo market in February, growing 26.6% and 15.1%, respectively. However, compared monthover-month, new listings for homes increased by only 3.5% and declined by 8.3% for condos. In the $800,000 to $899,999 range for single-family homes, new listings surged 88.0%, with 47 new listings compared to 25 last February, while the largest volume of new listings was in the $1,000,000 to $1,499,999 range with 100 newly-listed homes. In the condo market, the $300,000 to $499,999 range saw a 33.8% rise in new listings. Besides Hawai‘i Kai and Kailua, all regions maintained or exceeded last year’s new listing volumes. The Metro region experienced the largest increase, up 14.8%, with 333 new condo listings compared to 290 last year.

Compared to a year ago, active inventory levels increased by 9.5% for single-family homes and 17.9% for condos. Month-over-month, single-family home inventory decreased by 1.3%, while condo inventory increased slightly by 3.0%. By the end of February, there were 599 active singlefamily home listings and 1,388 active condo listings.

In February, 23% of single-family home sales closed above the original asking price, compared to 19% at the same time last year, and the median sales price to original list price ratio was 97.8%, up 1.8%. Similarly, the condo market also saw a slight increase in sales closing above the original asking price, with 18% of sales this February, compared to 15% in February 2023, and a nearly even median sales price to the original list price ratio of 97.9%.

Pending sales for single-family homes jumped 24.0% year-over-year and 22.3% month-overmonth, with 269 contract signings in February. Condos ended the month with 390 contract signings, 2.3% lower than a year ago but slightly improved by 3.7% from last month. In the singlefamily market, there was a 40.7% year-over-year increase in contract signings in the $800,000 to $899,999 price range, with 38 properties going into escrow throughout the month compared to 27 in February 2023. For condos, pending sales activity varied across price points.

Oahu Monthly Housing Statistics

February 2024

Monthly Indicators 2 Median Sales Price YoY %chg Price Graphs 3-4 $1,075,000+8.9% Closed Sales 5 Closed Sales YoY %chg Median Sales Price6 Average Sales Price 7 179 +3.5% Median Days on Market 8 Percent of Original List Price Received 9 Average Sales Price YoY %chg New Listings10 Pending Sales 11 $1,437,693+0.7% 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 $512,500+6.8% 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) 26-27 334 +2.8% 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 $580,274-2.0% 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.® ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.
CONDOS
CONTENTS:
SINGLE-FAMILY HOMES

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.

©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

February 2024 Feb-24 Feb-23YoY %chgJan-24MoM %chg Feb-24 Feb-23YoY %chgJan-24MoM %chg Closed Sales 179 1733.5%184-2.7% 334 3252.8%29214.4% Median Sales Price $1,075,000 $987,0008.9%$1,021,0165.3% $512,500 $480,0006.8%$502,5002.0% Average Sales Price $1,437,693 $1,427,8640.7%$1,323,1728.7% $580,274 $592,131-2.0%$593,630-2.2% Median Days on Market 30 47-36.2%293.4% 39 2839.3%2934.5% Percent of Orig. List Price Received 97.8% 96.0%1.9%98.3%-0.5% 97.9% 98.0%-0.1%97.5%0.4% New Listings 295 23326.6%2853.5% 533 46315.1%581-8.3% Pending Sales* 269 21724.0%22022.3% 390 399-2.3%3763.7% Active Inventory* 599 5479.5%607-1.3% 1,388 1,17717.9%1,3483.0% Total Inventory in Escrow* 416 3867.8%33424.6% 586 592-1.0%53210.2% Months Supply of Active Inventory* 2.8 2.040.0%2.80.0% 3.6 2.450.0%3.52.9%
Year-to-Date YTD-2024 YTD-20231-yr %chgYTD-20222-yr %chg YTD-2024 YTD-20231-yr %chgYTD-20222-yr %chg Closed Sales 363 32312.4%567-36.0% 626 6004.3%1,038-39.7% Median Sales Price $1,055,000 $980,0007.7%$1,084,250-2.7% $510,000 $485,0005.2%$500,0002.0% Average Sales Price $1,379,644 $1,293,8536.6%$1,364,9121.1% $587,221 $609,016-3.6%$605,009-2.9% Median Days on Market 29 35-17.1%12141.7% 34 2630.8%14142.9% Percent of Orig. List Price Received 98.1% 95.9%2.3%101.2%-3.1% 97.7% 98.1%-0.4%100.0%-2.3% New Listings 580 50115.8%687-15.6% 1,114 98613.0%1,405-20.7% Pending Sales* 489 4841.0%631-22.5% 766 777-1.4%1,217-37.1%
Monthly Indicators OAHU, HAWAII
*seefootnotesonpages9-12regardingmethodologyupdatesYoY%chg=year-over-yearpercentchangecomparingcurrentmonthtothesamemonthlastyear.
Single-Family Homes Condos Single-Family Homes Condos
3 2 7 21 20 19 19 10 17 9 5 5 4 7 2 1 19 9 5 4 9 21 28 21 9 14 5 9 6 2 1 3 5 2 17 12 0 5 10 15 20 25 30 Closed Sales Sold Price ($) Single-Family Homes Sold February 2024 vs. February 2023 2024 2023 SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.
4 15 26 55 57 50 46 26 15 10 27 3 5 11 35 66 67 38 29 35 10 3 19 7 0 10 20 30 40 50 60 70 80 Closed Sales Sold Price ($) Condos Sold February 2024 vs. February 2023 2024 2023 SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Closed Sales

February 2024

OAHU, HAWAII

(Acountofpropertiesthathaveclosedinagivenmonth)

Mo-Yr Single-Family HomesCondosTotal

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

Dec-21378593971

Jan-22326552878

Feb-22241486727

Mar-22321672993

Apr-223656721,037

May-223446881,032

Jun-22357626983

Jul-22312518830

Aug-22314508822

Sep-22278496774

Oct-22222435657

Nov-22192340532

Dec-22202360562

Monthly Closed Sales Year-to-Date Closed Sales Jan-23150275425FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-231733254982022241-7.3%4869.0%20225672.9%1,03823.9% Mar-232364446802023173-28.2%325-33.1%2023323-43.0%600-42.2% Apr-23208420628 20241793.5%3342.8% 202436312.4%6264.3% May-23262438700 Jun-23248470718 Jul-23224422646 Aug-23252422674 Sep-23232376608 Oct-23213399612 Nov-23180310490 Dec-23182272454 Jan-24184292476 Feb-24179 334 513
0 100 200 300 400 500 600 700 800 Sales Closed Sales Single-Family Homes Condos 0 100 200 300 400 500 600 202220232024 Closed Sales SFH(YTD) 0 200 400 600 800 1,000 1,200 202220232024 Closed Sales CND(YTD) 0 50 100 150 200 250 300 202220232024 Closed Sales SFH(Feb) 0 100 200 300 400 500 600 202220232024 Closed Sales CND(Feb)
Honolulu
REALTORS®,
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
SOURCE:
Board of
residential resales compiled from MLS data.

Median Sales Price

February 2024

Mo/Yr Single-Family HomesCondos

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

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

Monthly Median Sales Price

Year-to-Date Median Sales Price

Jan-23$970,000$495,000FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg

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

Aug-23$1,110,000$515,000

Sep-23$1,050,000$532,500

2024$1,075,0008.9%$512,5006.8%

©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

2024$1,055,000 7.7%$510,0005.2%

Feb-23$987,000$480,0002022$1,125,00022.6%$497,0008.6%2022$1,084,25021.1%$500,0009.9% Mar-23$1,083,750$536,0002023$987,000-12.3%$480,000-3.4%2023$980,000-9.6%$485,000-3.0%
Oct-23$1,100,000$515,000 Nov-23$1,100,055$516,179
Feb-24$1,075,000$512,500
Dec-23$996,500$510,000 Jan-24$1,021,016$502,500
$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 202220232024 Price ($) SFH(YTD) 0K 100K 200K 300K 400K 500K 600K 202220232024 Price ($) CND(YTD) 0K 200K 400K 600K 800K 1.0M 1.2M 202220232024 Price ($)
0K 100K 200K 300K 400K 500K 600K 202220232024 Price ($)
Median Sales Price
SFH(Feb)
CND(Feb)
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data.

February 2024

OAHU, HAWAII

(Theaveragesalespriceofallclosedpropertiesinagivenmonth)

Mo/Yr Single-Family HomesCondos

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

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

Mar-23$1,391,538$651,6302023$1,427,864-3.9%$592,1311.5%2023$1,293,853-5.2%$609,0160.7%

Apr-23$1,223,383$603,795 2024$1,437,6930.7%$580,274-2.0%

May-23$1,355,804$623,748

Jun-23$1,300,456$589,597

Jul-23$1,270,421$617,683

Aug-23$1,427,996$628,127

Sep-23$1,357,981$608,222

Oct-23$1,304,757$670,805

Nov-23$1,434,999$676,625

Dec-23$1,207,793$602,535

Jan-24$1,323,172$593,630

Feb-24$1,437,693$580,274

SOURCE:

2024$1,379,6446.6%$587,221-3.6%

Monthly Average Sales Price Year-to-Date Average Sales Price Jan-23$1,139,294$633,441FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-23$1,427,864$592,1312022$1,486,08826.7%$583,3676.9%2022$1,364,91223.3%$605,00915.8%
Average Sales Price $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 Price ($) Average Sales Price Single-Family Homes Condos 0K 500K 1.0M 1.5M 202220232024 Price ($) SFH(YTD) 0K 200K 400K 600K 800K 202220232024 Price ($) CND(YTD) 0K 500K 1.0M 1.5M 2.0M 202220232024 Price ($)
0K 200K 400K 600K 800K 202220232024 Price ($) CND(Feb)
SFH(Feb)
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Honolulu Board of REALTORS®, residential resales compiled from MLS data.

Median Days on Market

February 2024

OAHU, HAWAII

(DaysonMarketrepresentsthenumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted;theMedianDaysonMarketrepresentsthemedianofallsalesinagivenmonth)

Mo/Yr Single-Family HomesCondos

Feb-21918

Mar-21914

Apr-21913

May-21812

Jun-21811

Jul-21911

Aug-21912

Sep-21911

Oct-211011

Nov-21119

Dec-211113

Jan-221214

Feb-221314

Mar-2299

Apr-221012

May-221010

Jun-221011

Jul-221112

Aug-221313

Sep-221814

Oct-221919

Nov-221818

Dec-222521

Jun-231718

Jul-231616

Aug-231818

Sep-232021

SOURCE:

Median Days on Market
Median Days on Market Jan-232424FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-23472820221344.4%14-22.2%20221233.3%14-17.6% Mar-233624202347261.5%28100.0%202335191.7%2685.7% Apr-232420 202430-36.2%3939.3% 202429-17.1%3430.8% May-232120
Monthly
Year-to-Date
Feb-2430 39
Oct-231821 Nov-232923 Dec-231826 Jan-242929
0 5 10 15 20 25 30 35 40 45 50 Days on Market Median Days on Market Single-Family Homes Condos 0 10 20 30 40 202220232024 Days on Market SFH(YTD) 0 10 20 30 40 202220232024 Days on Market CND(YTD) 0 10 20 30 40 50 202220232024 Days on Market SFH(Feb) 0 10 20 30 40 50 202220232024 Days on Market CND(Feb)
Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

February 2024

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodindicated)

Mo/Yr Single-Family HomesCondos

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%

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%

May-2398.7%99.0%

Jun-2399.5%98.9%

Jul-23100.0%98.8%

Aug-2399.1%99.6%

Sep-2399.0%98.8%

SOURCE:

Percent of Original List Price Received
Jan-2395.9%98.4%FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-2396.0%98.0%2022100.8%0.8%100.0%1.2%2022101.2%0.9%100.0%1.2% Mar-2396.7%98.5%202396.0%-4.8%98.0%-2.0%202395.9%-5.2%98.1%-1.9%
Dec-2296.7%98.5% Monthly Percent of Original List Price Received Year-to-Date Percent of Original List Price Received
Apr-2398.3%98.7% 202497.8%1.9%97.9%-0.1% 202498.1%2.3%97.7%-0.4%
Oct-2398.0%98.7% Nov-2397.1%98.0% Dec-2398.3%97.9% Jan-2498.3%97.5% Feb-2497.8%97.9% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% Percent Received Percent of Original List Price Received Single-Family Homes Condos 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202220232024 Percent Received SFH(YTD) 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202220232024 Percent Received CND(YTD) 95.0% 97.0% 99.0% 101.0% 103.0% 202220232024 Percent Received SFH(Feb) 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% 101.0% 202220232024 Percent Received CND(Feb)
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Honolulu Board of REALTORS®, residential resales compiled from MLS data.

February 2024

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

Mo-Yr

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

Jun-223916861,077

Jul-223866161,002

Aug-22381608989

Sep-22304601905

Oct-22285532817

Nov-22289526815

Dec-22164371535

May-23309582891

Jun-23324535859

Jul-23275521796

Aug-23330549879

Sep-23281516797 Oct-23272566838

Nov-23267457724

Dec-23180349529 Jan-24285581866

Single-Family HomesCondosTotal
Monthly New Listings Year-to-Date New Listings Jan-23268523791FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg Feb-23233463696202236714.0%73918.6%20226870.0%1,4059.6% Mar-232935308232023233-36.5%463-37.3%2023501-27.1%986-29.8% Apr-23292532824 202429526.6%53315.1% 2024 58015.8%1,11413.0%
Feb-24295 533 828
0 100 200 300 400 500 600 700 800 900 Listings New Listings Single-Family Homes Condos 0 200 400 600 800 202220232024 Closed Sales SFH(YTD) 0 500 1,000 1,500 202220232024 Closed Sales CND(YTD) 0 100 200 300 400 202220232024 New Listings SFH(Feb) 0 200 400 600 800 202220232024 Closed Sales CND(Feb)
Honolulu
REALTORS®,
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
New Listings
SOURCE:
Board of
residential resales compiled from MLS data.

Pending Sales*

February 2024

OAHU, HAWAII

(Ameasureofcontractactivityrepresentedbyacountofpropertiesthathavehadoffersacceptedonthemduringagivenmonth)

Mo/Yr Single-Family HomesCondosTotal

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

Jun-22305501806

Jul-22297484781

Aug-22312475787

Sep-22224436660

Oct-22198342540

Nov-22198359557

Dec-22168289457

Jan-23267378645FebruarySFHYoY%chgCNDYoY%chgFebruaryYTDSFHYoY%chgYTDCNDYoY%chg

May-23258507765

Jun-23231415646

Jul-23247421668

Aug-23267425692

Sep-23232371603

Oct-23192325517

*Methodologyupdatedasof2021toreflectacountofpropertiesthatenteredcontractwithinthegivenmonthandremaininesc

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Monthly Pending Sales Year-to-Date Pending Sales
Feb-232173996162022316-13.4%64312.4%2022631-9.1%1,21710.0% Mar-232584447022023217-31.3%399-37.9%2023484-23.3%777-36.2% Apr-23271438709 202426924.0%390-2.3% 20244891.0%766-1.4%
390 659
Nov-23174308482 Dec-23182290472 Jan-24220376596 Feb-24269
rowstatusattheendofthemonth(alsoappliedtohistoricaldatashownabove). PendingSales,inreportspriorto2021,reflectacountofalllistingsthatheldaPending(P)statusthroughoutthegivenmonth.
0 100 200 300 400 500 600 700 800 Listings Pending Sales Single-Family Homes Condos 0 100 200 300 400 500 600 700 202220232024 Pending Sales SFH(YTD) 0 200 400 600 800 1,000 1,200 1,400 202220232024 Pending Sales CND(YTD) 0 50 100 150 200 250 300 350 202220232024 Pending Sales SFH(Feb) 0 100 200 300 400 500 600 700 202220232024 Pending Sales CND(Feb)

Active Inventory*

February

2024

Mo/Yr Single-Family HomesCondosTotal

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

Feb-223489891,337

Mar-223609191,279

Apr-223959171,312

May-224719391,410

Jun-225279981,525

Jul-225761,0501,626

Aug-225961,0731,669 Active Inventory

Sep-226291,1411,770FebruarySFHYoY%chgCNDYoY%chg

Oct-226561,1941,8502022348-0.6%989-25.8%

Nov-226821,2441,926202354757.2%1,17719.0%

Dec-225971,1701,767 20245999.5%1,38817.9%

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-235911,1541,745

Aug-235981,1461,744

Sep-235921,1941,786

Oct-236261,3061,932

Nov-236721,3372,009

Dec-236001,2341,834

Jan-246071,3481,955

Total Active Inventory: Single-Family Homes + Condos

Feb-24599 1,388 1,987 *Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus. 0 200 400 600 800 1,000 1,200 1,400 1,600 Listings Active Inventory Single-Family Homes Condos 0 500 1,000 Active202220232024 Listings SFH(Feb) 0 500 1,000 1,500 Active202220232024 Listings CND(Feb) 0 500 1,000 1,500 2,000 2,500 Feb-21Feb-22Feb-23Feb-24 Listings Total Active Inventory Single-Family Homes + Condos Single-Family Homes Condos
Honolulu
REALTORS®,
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
SOURCE:
Board of
residential resales compiled from MLS data.

Total Inventory In Escrow*

February 2024

OAHU, HAWAII

(Thenumberofpropertiesundercontractattheendofthegivenmonth/combinedlistingsinCandPstatus)

Mo/Yr Single-Family HomesCondosTotal

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

Feb-225449461,490

Mar-226039801,583

Apr-225929561,548

May-225838561,439

Jun-225097281,237

Jul-224796761,155

Aug-224626541,116

Sep-22388590978FebruarySFHYoY%chgCNDYoY%chg

Oct-223455068512022544-22.0%946-1.5%

Nov-223195128312023386-29.0%592-37.4%

Dec-22278430708 20244167.8%586-1.0%

Jan-23376523899

Feb-23386592978

Mar-23393602995

Apr-234356231,058

May-234186861,104

Jun-23370612982

Jul-23383586969

Aug-23391590981

Sep-23383569952

Oct-23333475808

Nov-23312473785

Dec-23305468773

Jan-24334532866

Total Inventory In Escrow
Total Inventory In Escrow: Single-Family Homes + Condos
Feb-24416 586 1,002 *Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata. 0 200 400 600 800 1,000 1,200 1,400 Listings
Single-Family Homes Condos 0 200 400 600 202220232024 Listings SFH(Feb) 0 500 1,000 202220232024 Listings CND(Feb) 0 500 1,000 1,500 2,000 2,500 Feb-21Feb-22Feb-23Feb-24 Listings
Inventory In Escrow Single-Family Homes + Condos Single-Family Homes Condos
Total Inventory In Escrow
Total
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data.

Months Supply of Active Inventory*

February 2024

OAHU, HAWAII (Comparesactiveinventorytoarolling12-monthaverageclosedsales)

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

Oct-211.11.8

Nov-211.01.7

Dec-210.81.6

Jan-220.81.6

Feb-220.91.6

Mar-221.01.5

Apr-221.11.5

May-221.31.5

Jun-221.51.6

Jul-221.61.7

Aug-221.71.8

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-232.62.8

Aug-232.72.8

Sep-232.73.0

Oct-232.93.3

SOURCE:

Mo/Yr Single-Family HomesCondos
Oct-222.12.120220.9-18.2%1.6-51.5% Nov-222.22.320232.0122.2%2.450.0%
20242.840.0%3.650.0%
Months Supply of Active Inventory Active Inventory vs. Closed Sales Sep-221.92.0FebruarySFHYoY%chgCNDYoY%chg
Dec-222.12.2
Nov-233.13.4 Dec-232.83.2 Jan-242.83.5 Feb-242.8 3.6
MonthsofInventory,inreportspriorto2021,reflectacomparisonofactivelistingstoaveragependingsales. 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 Months of Inventory
of Active Inventory Single-Family Homes Condos 0 1 2 3 Months202220232024 of Inventory SFH(Feb) 0 2 4 Months202220232024 of Inventory CND(Feb) 0 200 400 600 800 Feb-21Feb-22Feb-23Feb-24 Sales/Listings Single-Family Homes Active Closed 0 500 1,000 1,500 Feb-21Feb-22Feb-23Feb-24 Sales/Listings Condos Active Closed
*Methodologyupdatedasof2021(alsoappliedtohistoricaldatashownonthischart).
Months Supply
Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

$1,500,000 - 1,999,999 191346.2%1011-9.1%96.8%97.5%-0.7%37348.8%382272.7%897321.9%554037.5%3.62.356.5% $2,000,000 - $2,999,999 191711.8%1556-73.2%100.0%91.1%9.8%2325-8.0%231553.3%61577.0%292611.5%4.13.228.1%

$3,000,000 and above 912-25.0%11235220.0%95.7%91.5%4.6%1115-26.7%1113-15.4%958511.8%1623-30.4%10.66.563.1%

All Single-Family Homes1791733.5%3047-36.2%97.8%96.0%1.9%29523326.6%26921724.0%5995479.5%4163867.8%2.82.040.0%

$600,000 - $699,999 462958.6%32313.2%98.4%98.4%0.0%554327.9%49482.1%119122-2.5%6971-2.8%2.52.38.7%

$700,000 - $999,999 51486.3%2123-8.7%97.9%98.4%-0.5%8081-1.2%5763-9.5%2262155.1%9297-5.2%3.72.548.0%

$1,000,000 - $1,499,999 231464.3%3260-46.7%98.3%95.9%2.5%282512.0%1718-5.6%1171079.3%2833-15.2%5.94.531.1%

$1,500,000 - $1,999,999 45-20.0%2854-48.1%99.5%91.8%8.4%13130.0%914-35.7%6472-11.1%1017-41.2%9.19.01.1% $2,000,000

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Supply Overview
2024 OAHU, HAWAII (Ayear-over-yearoverviewoftheavailabilityandsalesofpropertiesinagivenmonth,bypricerange) Single-Family HomesFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23 %chgFeb-24Feb-23%chg $449,999 and below 23-33.3%37348.8%73.9%102.6%-28.0%30-51400.0%63100.0%7616.7%3.01.5100.0% $450,000 - $599,999 36-50.0%997728.6%96.7%91.9%5.2%10100.0%71600.0%1921-9.5%157114.3%3.83.58.6% $600,000 - $699,999 79-22.2%2059-66.1%96.4%97.1%-0.7%131118.2%1112-8.3%2324-4.2%1622-27.3%2.32.7-14.8% $700,000 - $799,999 21210.0%2875-62.7%97.2%91.3%6.5%16156.7%19185.6%3138-18.4%372927.6%1.61.8-11.1% $800,000 - $899,999 2028-28.6%4214200.0%98.3%98.9%-0.6%472588.0%382740.7%69664.5%605215.4%2.21.915.8% $900,000 - $999,999 1921-9.5%3260-46.7%98.4%98.4%0.0%35342.9%3233-3.0%654932.7%5259-11.9%2.31.376.9% $1,000,000 - $1,499,999 604339.5%2652-50.0%98.0%96.5%1.6%1006456.3%857513.3%1411317.6%1291225.7%2.01.353.8%
Housing
February
CondosFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chgFeb-24Feb-23%chg $149,999 and below 141040.0%322152.4%96.0%95.2%0.8%1320-35.0%1416-12.5%3841-7.3%2126-19.2%2.92.90.0% $150,000 - $299,999 3141-24.4%452860.7%95.6%97.5%-1.9%52512.0%42420.0%1471442.1%736119.7%3.42.441.7% $300,000 - $399,999 5566-16.7%483250.0%97.0%98.0%-1.0%1006749.3%746513.8%21212372.4%1039212.0%3.51.6118.8% $400,000 - $499,999 5767-14.9%342725.9%100.0%99.0%1.0%1068721.8%66651.5%21915937.7%98953.2%3.41.888.9% $500,000 - $599,999 503831.6%483537.1%98.2%97.4%0.8%68646.3%5560-8.3%14710737.4%8290-8.9%2.51.478.6%
All Condos3343252.8%392839.3%97.9%98.0%-0.1%53346315.1%390399-2.3%1,3881,17717.9%586592-1.0%3.62.450.0% 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
and above 37-57.1%905273.1%89.8%100.0%-10.2%181250.0%78-12.5%998713.8%10100.0%14.19.745.4%

Closed Sales by Price Range: Single-Family Homes

February 2024

OAHU, HAWAII

(Acountofpropertiesthathaveclosedinagivenmonth) Single-Family

$449,999andbelow23-33.3%28280.0%

$450,000-$599,99936-50.0%6369-8.7%

$600,000-$699,99979-22.2%11810413.5%

$700,000-$799,99921210.0%231247-6.5%

$800,000-$899,9992028-28.6%384412-6.8%

$900,000-$999,9991921-9.5%332448-25.9%

$1,000,000-$1,499,999604339.5%8591,170-26.6%

$1,500,000-1,999,999191346.2%305387-21.2%

$2,000,000-$2,999,999191711.8%174215-19.1%

$3,000,000andabove912-25.0%106150-29.3%

All Single-Family Homes 1791733.5%2,6003,230-19.5%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE:

1,999,999 $2,000,000$2,999,999

HomesFeb-24Feb-23%chg 12-mth Total This Period 12-mth Total Last Period%chg
0 10 20 30 40 50 60 70 $449,999 and below $450,000$599,999 $600,000$699,999 $700,000$799,999 $800,000
$899,999 $900,000
$1,000,000
$1,500,000
$3,000,000 and above Closed Sales Sold Price Closed Sales by Price Range 1-mth Period: Single-Family Homes Feb-24 Feb-23 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 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
-
$999,999
$1,499,999
Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Closed Sales by Price Range: Condos

February 2024

OAHU, HAWAII

(Acountofpropertiesthathaveclosedinagivenmonth)

12-mth

This Period

$150,000-$299,9993141-24.4%518720-28.1%

$300,000-$399,9995566-16.7%725948-23.5%

$400,000-$499,9995767-14.9%7711,030-25.1%

$500,000-$599,999503831.6%723882-18.0%

$600,000-$699,999462958.6%561640-12.3%

$700,000-$999,99951486.3%7331,024-28.4%

$1,000,000-$1,499,999231464.3%239292-18.2%

$1,500,000-$1,999,99945-20.0%89101-11.9%

$2,000,000andabove37-57.1%81110-26.4%

All Condos 3343252.8%4,5995,915-22.2%

0 10 20 30 40 50 60 70 80 $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

Total
Condos Feb-24Feb-23%chg 12-mth Total Last Period%chg
$149,999andbelow141040.0%159168-5.4%
$1,500,000
and above Closed Sales Sold Price Closed Sales by Price Range 1-mth Period: Condos Feb-24 Feb-23 0 200 400 600 800 1,000 1,200 $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
This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.
$1,999,999 $2,000,000
Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
SOURCE:

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

February 2024

OAHU, HAWAII

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted)

$449,999andbelow37348.8%3110210.0%

$450,000-$599,999997728.6%4416175.0%

$600,000-$699,9992059-66.1%3918116.7%

$700,000-$799,9992875-62.7%241833.3%

$800,000-$899,9994214200.0%2812133.3%

$900,000-$999,9993260-46.7%211190.9%

$1,000,000-$1,499,9992652-50.0%181163.6%

$1,500,000-1,999,9991011-9.1%171241.7%

$2,000,000-$2,999,9991556-73.2%14137.7%

$3,000,000andabove11235220.0%412846.4%

All Single-Family Homes 3047-36.2%211275.0%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Median Days on Market by Price Range

1-mth Period: Single-Family Homes Feb-24 Feb-23

$999,999

$1,499,999

1,999,999 $2,000,000$2,999,999 $3,000,000 and above

Median Days on Market by Price Range

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

©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

HomesFeb-24Feb-23%chg 12-mth Median This Period 12-mth Median 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
$1,000,000
Days on Market Sold Price
-
$899,999 $900,000
$1,500,000
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 $1,500,000
$2,000,000
$3,000,000
Days on Market Sold Price
1,999,999
$2,999,999
and above
12-mth Median This Period 12-mth Median Last Period
12-mth Period: Single-Family Homes

Median Days on Market by Price Range: Condos

February 2024

OAHU, HAWAII

(Themediannumberofdaysfromwhenapropertyisfirstlistedtowhenanofferisaccepted)

Median Days on Market by Price Range

1-mth Period:

$149,999andbelow322152.4%352729.6%

$150,000-$299,999452860.7%221822.2%

$300,000-$399,999483250.0%211361.5%

$400,000-$499,999342725.9%171241.7%

$500,000-$599,999483537.1%191172.7%

$600,000-$699,99932313.2%221283.3%

$700,000-$999,9992123-8.7%2211100.0%

$1,000,000-$1,499,9993260-46.7%322152.4%

$1,500,000-$1,999,9992854-48.1%423231.3%

$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

Median Days on Market by Price Range

$2,000,000andabove905273.1%533839.5%

All Condos 392839.3%211361.5%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

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

Condos Feb-24Feb-23%chg 12-mth Median This Period 12-mth Median Last Period%chg
0 10 20 30 40 50 60 70 80 90 100 $149,999
$150,000
Days on Market Sold Price
and below
Condos Feb-24 Feb-23 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
Condos 12-mth Median This Period 12-mth Median Last Period
12-mth Period:
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Median Percent of Original List Price Received by Price Range: Single-Family Homes

February 2024

OAHU, HAWAII (Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)

Median Percent of Original List Price Received by Price Range 1-mth Period: Single-Family Homes Feb-24 Feb-23

$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

$1,500,000-1,999,99996.8%97.5%-0.7%99.5%100.1%-0.6%

$2,000,000-$2,999,999100.0%91.1%9.8%98.4%100.0%-1.6%

$3,000,000andabove95.7%91.5%4.6%95.5%97.3%-1.8%

All Single-Family Homes 97.8%96.0%1.9%98.4%100.0%-1.6%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Median Percent of Original List Price Received by Price Range

12-mth Period: Single-Family Homes

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

Single-Family HomesFeb-24Feb-23%chg 12-mth Median This Period 12-mth Median Last Period%chg $449,999andbelow73.9%102.6%-28.0%92.5%100.0%-7.5% $450,000-$599,99996.7%91.9%5.2%97.4%97.4%0.0% $600,000-$699,99996.4%97.1%-0.7%96.7%100.0%-3.3% $700,000-$799,99997.2%91.3%6.5%98.4%100.0%-1.6% $800,000-$899,99998.3%98.9%-0.6%98.8%100.0%-1.2% $900,000-$999,99998.4%98.4%0.0%99.0%100.2%-1.2% $1,000,000-$1,499,99998.0%96.5%1.6%98.5%100.0%-1.5%
80.0% 85.0% 90.0% 95.0% 100.0% 105.0%
Percent Orig. LP Received Sold Price
80.0% 85.0% 90.0% 95.0% 100.0% 105.0% $449,999
Percent Orig. LP Received Sold Price
12-mth Median This Period 12-mth Median Last Period

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

February 2024

OAHU, HAWAII

(Thepercentagefoundwhendividingaproperty'ssalespricebytheoriginallistprice;reportedpercentageisthemedianofallsalesfortheperiodandpricerangeindicated)

Median Percent of Original List Price Received by Price Range

1-mth Period: Condos Feb-24 Feb-23

$149,999andbelow96.0%95.

$150,000-$299,99995.6%97.5%-1

$300,000-$399,99997.0%98.0%-1

$400,000-$499,999100.0%99.0%1.0%99.0%100.0%-1.0% $500,000-$599,99998.2%97.4%0.8%99.4%100.0%-0.6%

$600,000-$699,99998.4%98.4%0.0%98.8%100.0%-1.2%

$700,000-$999,99997.9%98.4%-0

$1,000,000-$1,499,99998.3%95.9%2.5%96.2%97.6%-1.4%

$1,500,000-$1,999,99999.5%91.8%8.4%96.8%97.0%-0.2%

$2,000,000andabove89.8%100.0%-10.2%95.7%95.7%0.0%

All Condos 97.9%98.0%-0.1%98.5%100.0%-1.5% This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

$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

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Median Percent of Original List Price Received by Price Range

12-mth Period: Condos

$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

Condos Feb-24Feb-23%chg 12-mth Median This Period 12-mth Median Last Period%chg
2%0.8%93.3%96.1%-2.9%
.9%97.8%98.7%-0.9%
.0%98.6%100.0%-1.4%
.5%98.8%100.0%-1.2%
84.0% 86.0% 88.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0%
Percent Orig. LP Received Sold Price
84.0% 86.0% 88.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0%
Percent Orig. LP Received Sold Price
Period
Last
12-mth Median This
12-mth Median
Period

February 2024

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

$449,999andbelow30-27270.0%

$450,000-$599,99910100.0%77770.0%

$600,000-$699,999131118.2%135163-17.2%

$700,000-$799,99916156.7%280298-6.0%

$800,000-$899,999472588.0%461506-8.9%

$900,000-$999,99935342.9%437566-22.8%

$1,000,000-$1,499,9991006456.3%1,0301,250-17.6%

$1,500,000-1,999,99937348.8%474509-6.9%

$2,000,000-$2,999,9992325-8.0%252308-18.2%

$3,000,000andabove1115-26.7%230278-17.3%

All Single-Family Homes29523326.6%3,4033,982-14.5%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

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

New Listings by Price Range

1-mth

Feb-24 Feb-23

-

$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

New Listings by Price Range

12-mth Period: Single-Family Homes

New Listings by Price Range: Single-Family Homes
Single-Family HomesFeb-24Feb-23%chg 12-mth Total This Period 12-mth Total Last Period %chg
0 20 40 60 80 100 120 $449,999 and below $450,000
$599,999
New Listings Original List Price
-
$600,000
$699,999
$3,000,000 and above
Period: Single-Family Homes
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 $1,500,000
$2,000,000
New Listings Original List Price
1,999,999
$2,999,999 $3,000,000 and above
12-mth Total This
12-mth Total Last Period
Period
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

New Listings by Price Range: Condos

February 2024

OAHU, HAWAII

(Acountofpropertiesthathavebeennewlylistedonthemarketinagivenmonth)

$149,999andbelow1320-35.0%171186-8.1%

$150,000-$299,99952512.0%680852-20.2%

$300,000-$399,9991006749.3%9621,067-9.8%

$400,000-$499,9991068721.8%1,0411,153-9.7%

$500,000-$599,99968646.3%932959-2.8%

$600,000-$699,999554327.9%714776-8.0%

$700,000-$999,9998081-1.2%9881,265-21.9%

$1,000,000-$1,499,999282512.0%396413-4.1%

$1,500,000-$1,999,99913130.0%169190-11.1%

$2,000,000andabove181250.0%1981885.3%

All Condos 53346315.1%6,2517,049-11.3%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

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

New

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 -

New

Condos Feb-24Feb-23%chg 12-mth Total This Period 12-mth Total Last Period %chg
0 20 40 60 80 100 120 $149,999
New Listings Original List Price
$1,999,999 $2,000,000 and above
Period: Condos
Feb-23 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
New Listings Original List Price
Listings by Price Range 1-mth
Feb-24
-
$1,999,999 $2,000,000 and above
Period: Condos 12-mth Total This Period 12-mth Total Last Period
Listings by Price Range 12-mth
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Pending Sales by Price Range: Single-Family Homes

February 2024

OAHU, HAWAII

(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth) Single-Family

$449,999andbelow51400.0%2333-30.3%

$450,000-$599,99971600.0%847216.7%

$600,000-$699,9991112-8.3%122156-21.8%

$700,000-$799,99919185.6%279287-2.8%

$800,000-$899,999382740.7%431456-5.5%

$900,000-$999,9993233-3.0%352484-27.3%

$1,000,000-$1,499,999857513.3%8861,115-20.5%

$1,500,000-1,999,999382272.7%344347-0.9%

$2,000,000-$2,999,999231553.3%169208-18.8%

$3,000,000andabove1113-15.4%111134-17.2%

All Single-Family Homes 26921724.0%2,8013,292-14.9%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

Pending Sales by Price Range

$699,999

$799,999 $800,000$899,999 $900,000$999,999 $1,000,000$1,499,999 $1,500,0001,999,999

Pending Sales by Price Range

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

HomesFeb-24Feb-23%chg 12-mth Total This Period 12-mth Total Last Period%chg
0 10 20 30 40 50 60 70 80 90 $449,999 and below $450,000
$600,000
$2,000,000
$2,999,999 $3,000,000 and above Pending Sales Current List Price
$599,999
$700,000
-
1-mth Period: Single-Family Homes Feb-24 Feb-23 0 200 400 600 800 1,000 1,200 $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
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

Pending Sales by Price Range: Condos

February 2024

OAHU, HAWAII

(Ameasureofcontractactivity/acountofpropertiesthathavehadoffersacceptedontheminagivenmonth)

$149,999andbelow1416-12.5%154171-9.9%

$150,000-$299,99942420.0%549701-21.7%

$300,000-$399,999746513.8%767952-19.4%

$400,000-$499,99966651.5%805985-18.3%

$500,000-$599,9995560-8.3%738793-6.9%

$600,000-$699,99949482.1%573649-11.7%

$700,000-$999,9995763-9.5%728912-20.2%

$1,000,000-$1,499,9991718-5.6%225259-13.1%

$1,500,000-$1,999,999914-35.7%7899-21.2%

$2,000,000andabove78-12.5%9397-4.1%

All Condos 390399-2.3%4,7105,618-16.2%

This12-monthperiodreflectstheconsecutive12-monthperiodupthroughthecurrentmonth,whilelastperiod reflectsthesame12-monthperiodoneyearprior.

SOURCE:

Pending

$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

Feb-24Feb-23%chg
Total
12-mth Total
Period%chg
Condos
12-mth
This Period
Last
0 10 20 30 40 50 60 70 80 $149,999 and below $150,000
$299,999
$1,999,999 $2,000,000 and above Pending Sales Current List Price
-
$300,000
Sales by Price Range 1-mth Period: Condos Feb-24 Feb-23 0 200 400 600 800 1,000 1,200 $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
Sales by Price Range 12-mth Period: Condos 12-mth Total This Period 12-mth Total Last Period
Pending
REALTORS®,
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Honolulu Board of
residential resales compiled from MLS data.

Active Inventory* by Price Range: Single-Family Homes

February 2024

OAHU, HAWAII

(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)

Single-Family HomesFeb-24Feb-23YOY chg

$449,999andbelow63100.0%

$450,000-$599,9991921-9.5%

$600,000-$699,9992324-4.2%

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

$800,000-$899,99969664.5%

$900,000-$999,999654932.7%

$1,000,000-$1,499,9991411317.6%

$1,500,000-1,999,999897321.9%

$2,000,000-$2,999,99961577.0%

$3,000,000andabove958511.8%

All Single-Family Homes 5995479.5%

Active Inventory by Price Range

Single-Family Homes

Feb-24 Feb-23

$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 Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)

$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

FEB-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

*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandC status.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

0 20 40 60 80 100 120 140 160
Active Listings Current List Price
5% 11% 21% 37% 26%
4% 9% 22% 39% 26% FEB-24

Active Inventory* by Price Range: Condos

February 2024

OAHU, HAWAII

(Thenumberofpropertiesactiveonmarketattheendofagivenmonth)

Condos Feb-24Feb-23YOY chg

$149,999andbelow3841-7.3%

$150,000-$299,9991471442.1%

$300,000-$399,99921212372.4%

$400,000-$499,99921915937.7%

$500,000-$599,99914710737.4%

$600,000-$699,999119122-2.5%

$700,000-$999,9992262155.1%

$1,000,000-$1,499,9991171079.3%

$1,500,000-$1,999,9996472-11.1%

$2,000,000andabove998713.8%

All Condos 1,3881,17717.9%

$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 Inventory - Percent Share by Price Range (portionoftotalactivestatuslistingsrepresentedbyagivenpricerange)

$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

$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

*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandC status.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

0 50 100 150 200 250
Active Listings Current List Price
Condos Feb-24
16% 24% 19% 27% 14% FEB-23
Active Inventory by Price Range
Feb-23
13% 31% 19% 25% 12% FEB-24

$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

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

$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 February 2024 OAHU,
Single-Family Homes F-22M-22A-22M-22J-22J-22A-22S-22O-22N-22D-22J-23F-23M-23A-23M-23J-23J-23A-23S-23O-23N-23D-23J-24F-24 $599,999 and below 1111101415128101416151224181513182117151321262525 $600,000 to $799,999 40382738465957648094676562695560666870717182615854 $800,000 to $999,999 4952719399113128133157148143121115127117117130121127121143138114119134 $1,000,000 to $1,999,999 139139160193218226236251243251216207204191201209240229238233247260234235230 $2,000,000 and above 109120127133149166167171162173156146142136147144151152146152152171165170156 Total 348360395471527576596629656682597551547541535543605591598592626672600607599 Condos F-22M-22A-22M-22J-22J-22A-22S-22O-22N-22D-22J-23F-23M-23A-23M-23J-23J-23A-23S-23O-23N-23D-23J-24F-24 $299,999 and below 204188194187199188176184183189185179185183182184177177170180196177152186185 $300,000 to $499,999 243205194219229238243263267292261277282251251252273272287314352363349386431 $500,000 to $699,999 183165161162171172196250274272245243229251244236252233243234266296264273266 $700,000 to $1,499,999 232232240253271328330317325340318329322308307289309323301304333337315343343 $1,500,000 and above 127129128118128124128127145151161168159159160157148149145162159164154160163 Total 9899199179399981,0501,0731,1411,1941,2441,1701,1961,1771,1521,1441,1181,1591,1541,1461,1941,3061,3371,2341,3481,388
0 50 100 150 200 250 300 Feb-22 Feb-23 Feb-24 Listings
Inventory Single-Family Homes
HAWAII
*Indicatormodifiedasof2021toreflectActivestatuslistingsonlyandappliedtohistoricalmonthlydatashownabove.Previousreportindicator,referredtoasActiveListings,reflectedallactivelymarketedlistingsinAandCstatus.
Active
0 50 100 150 200 250 300 350 400 450 500 Feb-22 Feb-23 Feb-24 Lisings Active Inventory Condos

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

February 2024

OAHU, HAWAII

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Total Inventory In Escrow by Price Range

Single-Family HomesFeb-24Feb-23YOY chg

$449,999andbelow7616.7%

$450,000-$599,999157114.3%

$600,000-$699,9991622-27.3%

$700,000-$799,999372927.6%

$800,000-$899,999605215.4%

$900,000-$999,9995259-11.9%

$1,000,000-$1,499,9991291225.7%

$1,500,000-1,999,999554037.5%

$2,000,000-$2,999,999292611.5%

$3,000,000andabove1623-30.4%

All Single-Family Homes 4163867.8%

Single-Family Homes

Feb-24 Feb-23

$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

Total Inventory In Escrow - Percent Share by Price Range

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

$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

(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

FEB-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

0 20 40 60 80 100 120 140
Active Listings
Current List Price
3% 13% 29% 42% 13%
5% 13% 27% 44% 11%
FEB-24

Total Inventory In Escrow* by Price Range: Condos

February 2024

OAHU, HAWAII

(Thenumberofpropertiesinanescrowstatusattheendofagivenmonth)

Condos Feb-24Feb-23YOY chg

$149,999andbelow2126-19.2%

$150,000-$299,999736119.7%

$300,000-$399,9991039212.0%

$400,000-$499,99998953.2%

$500,000-$599,9998290-8.9%

$600,000-$699,9996971-2.8%

$700,000-$999,9999297-5.2%

$1,000,000-$1,499,9992833-15.2%

$1,500,000-$1,999,9991017-41.2%

$2,000,000andabove10100.0%

All Condos 586592-1.0%

Total Inventory In Escrow by Price Range Condos

$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

Total Inventory In Escrow - Percent Share by Price Range

*Newindicatoraddedtoreportsasof2021,includingapplicablehistoricaldata.

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

©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.

$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

(portionoftotalinventoryinescrowrepresentedbyagivenprice range)

$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

0 20 40 60 80 100 120
Active Listings Current List Price
15% 32% 27% 22% 4%
Feb-24 Feb-23
FEB-23
16% 34% 26% 21% 3% FEB-24

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

February 2024

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Months Supply of Inventory by Price Range

Single-Family HomesFeb-24Feb-23YOY chg

$449,999andbelow3.01.5100.0%

$450,000-$599,9993.83.58.6%

$600,000-$699,9992.32.7-14.8%

$700,000-$799,9991.61.8-11.1%

$800,000-$899,9992.21.915.8%

$900,000-$999,9992.31.376.9%

$1,000,000-$1,499,9992.01.353.8%

$1,500,000-1,999,9993.62.356.5%

$2,000,000-$2,999,9994.13.228.1%

$3,000,000andabove10.66.563.1%

All Single-Family Homes 2.82.040.0%

SOURCE:

Single-Family Homes

Feb-24 Feb-23

and below

$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 Supply of 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 3 6 9 12 $449,999
$450,000
Months of Inventory
Current List Price
0 2 4 6 8 Feb-22Feb-23Feb-24 Months of Inventory
©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
Honolulu Board of REALTORS®, residential resales compiled from MLS data.

Months Supply of Active Inventory by Price Range: Condos

February 2024

OAHU, HAWAII

(Comparesactiveinventorytoarolling12-monthaverageclosedsales)

Feb-24Feb-23YOY chg

$149,999andbelow2.92.90.0%

$150,000-$299,9993.42.441.7%

$300,000-$399,9993.51.6118.8%

$400,000-$499,9993.41.888.9%

$500,000-$599,9992.51.478.6%

$600,000-$699,9992.52.38.7%

$700,000-$999,9993.72.548.0%

$1,000,000-$1,499,9995.94.531.1%

$1,500,000-$1,999,9999.19.01.1%

$2,000,000andabove14.19.745.4%

$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

$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

Condos
All Condos 3.62.450.0% 0 3 6 9 12 15
Months of Inventory Current List Price
Supply of Inventory by Price Range Condos Feb-24
0 2 4 6 8 10 12 14 Feb-22Feb-23Feb-24 Months of Inventory
Supply of Inventory Condos
Months
Feb-23
Months
residential resales compiled
data. ©2024.HonoluluBoardofREALTORS®.AllRightsReserved.Informationhereindeemedreliablebutnotguaranteed.
SOURCE: Honolulu Board of REALTORS®,
from MLS
Sales Single-Family Homes and Condos OAHU, HAWAII: Jan 1987 to the Present 0 100 200 300 400 500 600 700 800 900 19871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024 Closed Sales SFH Closed Sales CONDO
REALTORS®, compiled
MLS data. ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.
Closed
SOURCE: Honolulu Board of
from
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 19871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024 Median Sales Price SFH Median Sales Price CONDO SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2024. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

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