Comment on Oahu home sales decline 22% in May, but condo sales drop 50%

Oahu home sales decline 22% in May, but condo sales drop 50%

Single-family home sales on Oahu declined by 22.5% as Covid-19 continued to impact the residential real estate market in May, compared to a year ago, as the median price rose by 3.5% while condominium sales declined by 51% and the median price declined by 4%, according to the Honolulu Board of Realtors. There were 248 single-family homes sold in May, which was 22.5% fewer than 320 sold in May 2019.

 

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