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Oahu Real Estate Market Activity for February and Year-to-Date
The real estate market on Oahu posted very positive numbers for the month of February.Closed Sales, all properties, increased 13.1%Closed Sales, single family homes, increased 2.3%Closed Sales, condos, increased 20.9%Single Family Market Overview, February 2010 to February, 2011Closed Sales rose 2.3%, from 177 to 181Days on Market increased 52.6%, from 38 to 58Median Sales Price decreased 1%, from $575,500 to $570,000Average Sales Price increased 2%, from $685,249 to $699,034Housing Affordability Index rose 4.6%, from 65 to 67Inventory of Homes decreased 9.7%, from 1545 to 1,395Months Supply of Homes for Sale decreased 16.9%, from 6.5 months to 5.4
Single Family Market Overview, Year-to-Date 2010 to 2011Closed Sales rose 7.0%, from 356 to 381Days on Market increased 13.6%, from 41 to 46Median Sales Price decreased 1.7%, from $580,000 to $570,000Average Sales Price increased 2.3%, from $683,211 to $699,026Housing Affordability Index rose 4.6%, from 65 to 67Condo Market Overview, February 2010 to February, 2011Closed Sales rose 20.9%, from 244 to 295Days on Market increased 13.7%, from 51 to 58Median Sales Price increased 7%, from $299,000 to $320,000Average Sales Price increased 10.2%, from $356,520 to $392,714Housing Affordability Index fell 2.5%, from 118 to 115Inventory of Condos decreased 4.1%, from 2,014 to 1,931Months Supply of Condos for Sale decreased ... more

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