Honolulu is on the short list of cities where for-sale homes had the shortest median days on the market in December.
The National Housing Trend Report for December 2013 by Realtor.com showed Oakland, Calif., at No. 1 with a median of 48 days on the market. Stockton-Lodi, Calif. is second with a 56-day median, and Honolulu is third with a median of 64 days on the market. The national median for December was 112 days.
While Honolulu’s housing sales were fast-paced, it was not among the top 10 markets for price increases, according to the Realtor.com study.
Median year-over-year list prices in December went up the most in Stockton-Lodi, Calif, at 47.3 percent, in Detroit, Mich., 41.1 percent, in Santa Barbara-Santa Maria-Lompoc, Calif., 29.6 percent, in Las Vegas, Nevada and nearby Arizona communities, by 29.3 percent, and in Reno, Nevada, by 28.7 percent.