Oahu Home Prices Stabilize

Real Estate Agent with RE/MAX Honolulu RB -16098 Since 1986

The median prices increased in October after declining in September, a good sign for both home sellers and buyers of the strength of the Oahu housing market. Sales have continued to slow, but at a lower rate than in the past few months. The median prices paid for Oahu properties in the first ten months of 2008 were $625,000 and $325,000 respectively, a decrease of 3.7 percent for single family homes from the same time period in 2007 and no change for condos. Hawaii has become an even more attractive place to purchase investment condos, retirement properties, or vacation homes.

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