• Prices continue to rise in 2016 over previous-year levels. The October median sale price of $740,000 for single-family homes and $397,000 for condos are up 3% and 7% from a year ago.
  • The market is moving very fast with homes and condos selling much faster than October last year. The median home for sale goes into contract in just 21 days and condos in just 22 days.
  • Sales slow toward holiday season. After the summer months, there are fewer new listings and the number of Days on the Market increases which result in properties taking longer to sell.
  • More-affordable areas on Oahu are experiencing strong upward price pressure. For homes, bid-ups are increasing in Makiki, Ewa-Kapolei, Mililani, and Pearl City-Aiea.

For condos, bid-ups are increasing in Salt Lake, Ewa-Kapolei, Makakilo, and Mililani.

Read the full report here.

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