Oahu Market Report - March 2024

O'ahu Market Report for March 2024 O‘ahu's Housing Market Remains Sluggish Median sales prices rise slightly as sales volume dips for both single-family homes and condos YEAR-OVER-YEAR REPORT NOW HERE! MARCH 2024 SUMMARY The spring season started with little momentum. Though real estate activity remains sluggish, we continue to see properties in more affordable price ranges sell. Single-family homes priced $899,999 and below experienced a 6.1% increase for a total of 70 sales, and condos within the $200,000 to $399,999 range marked an 11.8% uptick, for a total of 95 sales. SALES VOLUME: Single-family home sales declined by 2.5% year-over-year, while condo sales slumped 22.5%. First-quarter sales grew 6.1% for single-family homes but fell by 7.1% for condos. SALES PRICE: The median sales price for single-family homes rose to $1,100,000, marking a 1.5% year-over-year increase. Conversely, the median price for condos dropped to $500,000, down 6.7% from last March’s record-setting price of $536,000. Year-to-date median prices reached $1,070,000 for single-family homes and $505,000 for condos, a 4.4% and 1.0% year-over-year increase, respectively. DAYS ON MARKET: Both single-family homes and condos typically enter a contract within a month, with median days on the market at 31 and 29 days, respectively. Source: Honolulu Board of Realtors READ THE FULL REPORT HERE THANKS TO THOSE WHO JOINED US!! FRIENDS & FAMILY MOVIE EVENT KUNG FU PANDA 4

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Yvonne Jaramillo Ahearn REALTOR® | RB-20262 M: 808.721.8088 yvonne.ahearn@compass.com Amy Conley REALTOR® | RB-20176 M: 808.375.2521 amy.conley@compass.com Ana Kuna REALTOR® | RB-21908 M: 808.295.2311 ana.kuna@compass.com Barbara Baehler REALTOR-ASSOCIATE® | RS-51250 M: 808.497.0021 barbara.baehler@compass.com

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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MARCH 2024 OAHU MARKET REPORT
2023 TO 2024 YEAR OVER YEAR SUMMARY