According to the Honolulu Board of Realtors March 2018 Stats, “The March condominium figures were impacted by the resales of 20 luxury and multimillion dollar units. Consumers should remember that half of sales were below the median price,” said Darryl Macha, president of the Honolulu Board of REALTORS®. “The increase in median prices, even modest ones like we saw in March, reflects the continued limited inventory available. However, it’s encouraging to see the 11 percent increase in active listings for condominiums, giving potential buyers more options in the market.”
If you are looking to buy or sell, please contact me for in-depth current information on the market in your particular area. I want to make sure you have all the numbers to make an informed decision!