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Oahu Real Estate Market Bucks Seasonal Trends in October 2024

The Oahu real estate market saw strong sales activity in October 2024, bucking typical seasonal trends. Both home and condo sales increased month-over-month and year-over-year, while market times dropped from the previous month and the percent of sales bid up over the asking price rose to a 13-month high for homes.

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Oahu Single-Family Home Prices Up, Condo Prices Down, in September 2024

The Oahu real estate market continued to follow stable seasonal patterns in September 2024, with sales following typical trends, prices flat-to-slightly rising and homes are on the market for about 3 to 4 weeks. Lower mortgage rates and a generally positive economic outlook could drive increased sales activity in the coming months, as buyers and sellers regain confidence in the market.

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