There are some signs of moderation in the Oahu real estate market after an unusually strong year in 2021. The pace of sales is slowing for single-family homes and flattening for condos, and although prices are still rising, the rate of increase is lessening.

Even as the single-family home median price hit a new high in May 2022, there are some signs that the market is beginning to moderate, including four consecutive months of falling sales and a slight increase in inventory for single-family homes. Competition is still stiff; however, with low Days on Market and high bid-ups.

If you’ve been thinking of selling your home, Summer 2022 might be the perfect time. With Oahu home prices at an all-time high and for-sale inventory near record lows, sellers often receive multiple offers over the asking price—sometimes within just a few days.