Median prices for single homes and condominiums inched up, as did the days on market as more sellers enter the market and interest rates increase. In most neighborhoods if the home is priced right and shows well, an offer comes right away, others stay on the market longer. It's recommended to price right instead of "test the market" because Buyers will start to wonder, "what is wrong with the property?", if the home stays on the market longer than other properties for sale in the neighborhood. Also, there may be issues with the value of the appraisal. Upper Manoa single family homes median sales prices are approx. 1.275M and the months of remaining inventory is 4 months, that means that it is still a Seller's market here.
Oahu Real Estate Stats for November 2018 are here
Dec 09, 2018