The median home price in Honolulu reached a record high of $719,500 in November. This exceeds the summer high ($700K in June '14) and reflects a 5% increase over last year. This year-end peak follows a $50,000 drop in median home price between June and August.Â
Three months ago, I wrote an article in which I highlighted a notable trend in Honolulu real estate, making two main observations:
1. That median prices tend to take a dip in the autumn, between highs in the summer and winter
2. That the end-of-year peak will likely surpass the summer peak.
Here's an excerpt from that September post:
"In two out of the last three years, the median price in the winter exceeded the previous summer high. While we can't say with certainty that the median price…