Hawaii Market Update: Condo And Single Family Sales Prices Have Risen

Overall, the island of Oahu continues to go from strength to strength with price increases unbothered by increasing inventory. Often, when inventory rises, prices take a hit as buyers with more choice have increased bargaining room. Not in Hawaii. The only hint of more inventory has been an increase in days on market

For single-family homes the median time to sell was 29 days compared with 15 days a year ago – nearly double the time. However for condos, days on market only increased from 21 days last year to 25 days in October 2018.

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