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Honolulu housing recovery tops nation

By Erika Engle

LAST UPDATED: 2:56 a.m. HST, Aug 27, 2013

Home price recovery in Honolulu is the top-gaining in the U.S., according to

The real estate website’s new Local Market Index for mid-sized markets show’s year-over-year recovery in the Honolulu market with a 23.67 index point increase.

Honolulu's index tops several California markets including Los Angeles-Long Beach-Santa Ana at 21.43; San Francisco-Oakland-Fremont at 20.52; and San Diego-Carlsbad-San Marcos at 19.44 index points. The California markets were among the top five. calculates the Local Market Index using sales data on the same houses over time, enabling side-by-side comparison on the same property.

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