HONOLULU (KHON2) — Finding a new place to live on Oahu remains competitive, according to Real Estate company Locations Hawaii.
The company says sales of single-family homes and condos were at an all-time high in April, with single-family home sales increasing by 51% from 2020.
Condo sales were up 88%, with 55% of single-family homes and 30% of condos sold last month were bid-up.
The median price of a single-family home reached $928,000 dollar, which is 15% more than a year ago.
Meanwhile, median condo price remained flat at $450,000.
Locations says single-family home inventory is at its lowest point in more than 40 years, with condo inventory not far behind.