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Home Prices Reach New Record


The Honolulu Board of REALTORS® recently released housing statistics for January 2016. Using data from the MLS, the median price for a single family home was $733,500, an increase of 10.5%, from the same month last year. This is a new median price record.

January 2016 was a very strong month in sales. Using the same metrics of comparison, single family sales were up 18.2%; 336 single family homes were sold in January 2016.

Looking back, the median price for a single family home has steadily increased during the month of January. Here’s a snapshot:

Jan 2015 - $675,000

Jan 2014 - $629,500

Jan 2013 - $595,000

If you are interested in buying, please don’t hesitate to contact me.

-RO

Sources: Hicentral.com

Disclaimer: This is a personal blog. Ryan Oda (#RS-75450) is a licensed real estate salesperson with Benn Pacific Group, Inc (#RB-19423). The opinions expressed here represent my own and not those of Benn Pacific Group, Inc., its agents, and or its affiliates. My thoughts and opinions can change over time. This blog is intended to provide a semi-permanent snapshot of a selection of various thoughts and opinions that may not be the same, or even similar, to those I may hold today.

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Ryan Oda (RB-23073) is a Real Estate Advisor with Forward Realty (RB-19423) in Honolulu, HI.