The single-family home market, often a lead indicator for market direction, is showing increased strength. With decreasing inventory and Days on Market returning to previous record-low levels, the single-family home market is stable and has the potential for more increases in the coming months.

After rising steadily since 2017, the number of homes for sale is now trending down again. Months of Remaining Inventory for single-family homes is lower than last year, at 3.4 months. However, there are more condos for sale this year than a year ago.

Million-dollar homes on Oahu are getting smaller, but home size has been shrinking faster in some local markets than others.

Maui single-family home and condo prices continued to rise in Q3 2019. The median single-family home price was $744,373, up 7 percent from last year and the median condo price was $515,000, up 6 percent from last year.