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Oahu Real Estate Market Returns to Competitive Conditions

As anticipated, competitive market conditions have returned to the Oahu real estate market. October was a particularly strong month, as low mortgage interest rates, along with years of pent-up demand, pushed up sales. While active listings are still up island-wide, in more than half of Oahu market areas there are fewer homes for sale than a year ago.

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Oahu Single-Family Home Market Gaining Strength

The single-family home market is gaining strength. Inventory is beginning to decrease as Days on Market return to previous record-low levels. These market conditions give way for potential price increases in single-family homes in the coming months. For condos​, inventory is rising but is being quickly absorbed.

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