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Home prices up 15.4% in January from a year ago

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Oahu home prices

Home prices climbed in January as inventory fell to a new record low.

The median price for a home last month was $350,300, up 15.4% from a year ago, according to the National Association of Realtors. It was not the highest median price on record, which was $362,800 last June, but it is the highest for the month of January, which tends to be a sleepier time for home sales.

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