Honolulu Property Report March 2012

HONOLULU PROPERTY REPORT MARCH 2012 - DISTINCTIVE HOMES HAWAII

The Honolulu Board of Realtors released its March Monthly Housing Statistics and we are here to present you with the numbers and updates!  The outstanding statistic for March is the significant decrease in the number of "new listings" this year versus March 2011. For both single family homes and condos in Honolulu the number of new listings for March 2012 were down by 20%. New listings in the month of February 2012 for both single family homes and condos were also down each at about 11%.

 

With the continuing shortage of housing inventory upward pressure is appearing in the list and sales prices. As a result, the median sales price of a single family home in Honolulu is up by almost 14% compared to March 2011.

 

For the complete report from this past March 2012, click here.