I was frustrated with my attempts to load excel files data on the last posting I made on Mililani resale statistics. In order to make amends, I am posting less data here, but with graphs which I hope will make the data more useful.

Month to Month Price Changes show that prices rose in Mililani (+4.1%) for Single Family Residences, while overall prices for Single Family Homes on Oahu declined (-7.1%).

The Month-to-Month comparisons for Condos in Mililani was not as cheerful. Prices declined for both Mililani (-13.6%) and Oahu (-7.4%) overall.

Month-to-Month data is essentially a snapshot of the market for a specific window of time. Drawing conclusions from monthly or weekly data is simply a thumbnail sketch of overall activity. More accurate inferences, such as Market Trends are made by analyzing longer periods, such as 3, 6 and 9 month activity.

Year-to-Year data is a common tool used to compare the snapshot analysis at a certain time to the same period a year earlier. A useful analogy is to think of it as looking at market activity in the rear view mirror. It tells you where we were, but not necessarily where we are headed.

Just as the Month-to-Month data showed, the Year-to-Year price changes are again favorable for Mililani. Mililani SFR prices rose 6.4%, while on Oahu overall SFR prices dropped 8.1%

Condominium Price are down from a year ago both for Mililani (-0.5%) and for Oahu (-9.1%). However, comparatively speaking, Mililani condominium prices are doing well.