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In July 2018, the median sales price of single-family homes rose moderately by 5.3 percent from July 2017, while the median price for condominiums increased by 1.1 percent. Sales of single-family homes dipped by 1.5 percent and condominium sales were up by 5.7 percent from the same month last year. According to the Days on Market indicator, the median days for single-family homes was 13 and 18 days for condominiums.

“The market is experiencing a leveling off after last year’s record prices and paces,” said Darryl Macha, president of the Honolulu Board of REALTORS®. “However, new listings for both single-family homes and condominiums on Oahu were up again last month, as were active listings, a positive indicator of steady housing inventory for homebuyers.”