The Honolulu Board of Realtors released the June 2011 resale statistics for the MLS data this morning. The statistics appear steady.
Single Family Home sales for June 2011 had a median price of $562,500, 3.4% below last year's median. The number of sales came in 15.9% lower than last year, at 248 transactions. The average days on market is slightly higher in comparison to the year to date average in 2010, coming in at 37 days compared to 31 last year.
Condominium and Townhouse sales for June 2011 had a median price of $301,000, up .3% from last June. The number of sales came in 19.9% lower than last year, at 354 transactions. The average days on market is about the same in comparison to the year to date average in 2010, coming in at 41 days compared to 40 last year.
In both markets, inventory is down this year in comparison to June 2010. The months of remaining inventory for single family homes is down 7.7% at 6.1 months. The condominium and townhouse market inventory is down 3.3% at 5.8 months of remaining inventory.
Source: Honolulu Board of Realtors Monthly Indicators Report June 2011 [PDF]
If your are curious about your neighborhood's local performance, check out the Honolulu Board of Realtors Local Market Updates for June 2011. [PDF]
