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Oahu Home Prices, Bid-Ups, Trending Up in August 2023

Despite rising interest rates, there is still strong demand for Oahu real estate. While single-family home and condo sales are lower than the previous two years, sales have been stronger than expected in summer 2023. Days spent on market have also been low. For-sale housing inventory remains flat, constraining home sales—with less than three months’ worth of homes and condos for sale, it’s still a sellers’ market.

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Oahu Housing Prices Mostly Flat in July 2023

The Oahu real estate market held steady in July 2023, as competitive conditions and strong demand persisted. In many ways, the market is outperforming expectations, with higher sales than anticipated and even a slight increase in single-family home prices throughout the summer.

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