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Honolulu home market among top-movers in December

    GMAC Mortgage has suspended some evictions and sales of foreclosed homes in 23 states, including Hawaii. Above are clusters of homes in the Wilhelmina Rise area in Kaimuki.

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 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 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.

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