Home Real Estate Oahu housing market remains competitive

Oahu housing market remains competitive

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HONOLULU (KHON2) — Finding a new place to live on Oahu remains competitive, according to Real Estate company Locations Hawaii.

The company says sales of single-family homes and condos were at an all-time high in April, with single-family home sales increasing by 51% from 2020.

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Condo sales were up 88%, with 55% of single-family homes and 30% of condos sold last month were bid-up.

The median price of a single-family home reached $928,000 dollar, which is 15% more than a year ago.

Meanwhile, median condo price remained flat at $450,000.

Locations says single-family home inventory is at its lowest point in more than 40 years, with condo inventory not far behind.

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