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Competition Continues To Set Records
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Competition Continues To Set Records
November 2018
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Prices continued to rise in November 2018, with the median home price up 2.8% to $800,000 and the median condo price up 2.7% to $420,000 from November of last year.
Oahu Sales activity slowed noticeably in November 2018, continuing a sales slowdown for the past several months. Home and condo sales were about 16% lower than November last year.
Oahu's competitive market is easing slightly, with days on market increasing and bid-ups (sales bid-up over asking price) decreasing. Still a very competitive market, with 1 of every 5 sales being bid-up over asking price.
| SINGLE FAMILY HOMES | This Month NOVEMBER 2018 | Last Month OCTOBER 2018 | Last Year NOVEMBER 2017 |
|---|---|---|---|
| Median Sale Price | $800,000 | $794,000 | $778,000 |
| Average Sale Price | $978,000 | $1,013,000 | $945,000 |
| Homes Sold | 287 | 314 | 340 |
| Median Days on Market | 29 | 30 | 17 |
| Bid Ups | 24% | 21% | 27% |
| CONDOMINIUMS | This Month NOVEMBER 2018 | Last Month OCTOBER 2018 | Last Year NOVEMBER 2017 |
|---|---|---|---|
| Median Sale Price | $420,000 | $391,000 | $409,000 |
| Average Sale Price | $503,000 | $486,000 | $476,000 |
| Condos Sold | 430 | 448 | 516 |
| Median Days on Market | 23 | 26 | 21 |
| Bid Ups | 15% | 16% | 23% |
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