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August saw a record median price for single-family homes at $810,000. Sales for both single-family homes and condos have flattened out a bit, but are still above the previous 12-month period.
Maui home prices are at record highs, finally surpassing the previous peaks of last cycle in 2006.
Low inventory has been a driver of rising median prices on Oahu for years, but in August 2018 buyers are finally starting to see some relief--if they know where to look.
As median home prices continue to rise, more sellers are beginning to test the waters. Active listings for both single-family homes and condos are at their highest levels since March 2012 and November 2011, respectively.
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