2018 Annual Residential Resales Statistics for Oahu

Single-Family Home Resales

Number of SalesMedian Sales Price
20183,609  -7.7%$790,000  +4.6%
20173,908$755,000

Condominium Resales

Number of SalesMedian Sales Price
20185,679  -2.5%$420,000  +3.7%
20175,824$405,000

During 2018, the number of sales declined from one year ago and the median price paid for a single-family home increased by 4.6 percent, while the median condominium price rose by 3.7 from 2017. Additionally, inventory of single-family homes increased by 10.1 percent and condominiums increased by 12.5 percent over the previous year.

Median prices for both single-family homes and condominiums set new records in 2018. In March, the median price for condominiums hit a new high of $435,000, while the median price for a single-family home reached a record $812,500 in September.

The information contained in this report is provided to the National Association of REALTORS® and the Hawaii State Department of Economic Development, Business and Tourism for its official reports. This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow.