The report said the Guam median home price is now 53 percent higher than the national average of $170,000.
The median price increase occurred as transaction activity has slowed significantly with only 118 units closing during the first quarter of 2011, reflecting the slowest pace in eight years (except for 113 units sold during peak of financial crisis in Q1 2009).
As the number of housing units sold declines, the inventory of unsold units is increasing to unhealthy levels.
