October Oahu Real Estate Charts
Unfortunately, Honolulu Board of Realtor's stats are not showing data into the 90's like before. This is a bummer as it shows a clearer picture of the markets.
Still holding support, and showing slight strength through the downtrend line. I would like to see how it holds up after the tax credits expire however, as that is artificial boosting of Real Estate prices, which may explain the breakout through the trend-line.
Unless it gets enough juice to break out of the last high, we are still in a consolidation period. Probably wont do that until the next bubble picks up steam, so until then, the market may move sideways. However, if it does show strength and holds that support zone, it will mean this was a good place to get in the markets.
