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What do you think about the Oahu housing market?

October 8, 2021 Comments Off on What do you think about the Oahu housing market? By admin

The Oahu real-estate market continues to show signs of recovery, but as with most things in Hawaii, it’s not all rosy.

Real-estate values in the state have rebounded somewhat over the past few years, but the pace of progress has slowed down, according to a new report by the real-money-tracking firm Redfin.

In the first quarter of 2018, the median price of a single-family home in Oahu rose nearly 11% from the same quarter in 2017, to $1.1 million, the report said.

This is the highest value in three years.

The median price for single-families has also risen.

The index of median home prices in the city of Waikiki is now at a record high, rising 11% over the same period.

The average price of homes in the entire state of Hawaii is now more than $5 million.

Real-estate developers are bullish about the market.

In the past year, the real estate market has grown by over 10% in Hawaii.

This year, that growth is expected to continue, with new listings expected to be completed in the coming weeks.

According to the realty firm, the market is still a little behind where it was five years ago, when the state had more than 100,000 new listings.

“The state continues to struggle to make significant progress in terms of the rate of new listings, but we remain optimistic that the market will rebound in the second half of 2018,” said Steve J. Kaul, chief executive of Redfin Hawaii.

“We expect the number of listings to continue to rise as the market becomes more stable.”

Redfin also said that the median sale price in the State of Hawaii in the first six months of 2018 was $2.7 million.

That’s the lowest since February of 2018 and is the lowest median sales price in six years.

However, the group’s index of price growth for the past three years is now below the national average of 2.3%, indicating that Hawaii is still among the states in which the average price is rising at the fastest rate.

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