O'ahu Home Prices Slip in December 2005

From the January 5, 2006 issue of the Honolulu Advertiser:

The transition from seller's market to buyer's market is under way.

Hard braking was finally applied to O'ahu's seemingly run-away real estate market in December. Sales of single-family homes dropped 24.5 percent, the biggest decline in nearly 10 years, while the inventory jumped 47 percent.