The summer homebuying season is here, and June is on track to be the hottest month of the year for Hawaii homebuyers and sellers.

If you're planning to buy or sell a home on Oahu, you'll want to make sure you and your agent understand what's happening down to the micro-neighborhood level - the difference in home values might surprise you.

Current market conditions are favorable for homebuyers, particularly for move-up buyers and investors.

Single-family home median prices continue to rise, but not as sharply, climbing three percent over the past year to $789,000. Condominium median prices were flat at $418,000. Sales remain below last year’s levels, with nine percent fewer single-family home sales and eight percent fewer condo sales.