The Oahu luxury real estate market ended the year with a little more activity among luxury homes and a surge in median price of luxury condos. After November’s drop in activity, there was a little more movement in the Oahu luxury home market in December. Sales volume increased about 7% from November. While there was no change in median price from last month, luxury homes received a higher proportion of their asking price, and a greater percentage of homes sold at or above asking price. It took slightly longer for homes to sell in December than in November, but the average days on market was 50, which is still quite fast for the luxury market.
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