Sales of existing condos were much higher in January 2022 than in a typical January, particularly in Waikiki and Ala Moana-Kaka'ako, where sales were more than double from a year ago.

If you followed Hawaii real estate last year, or know anyone who bought or sold a home in 2021, you probably already know that the market was hot. So hot, in fact, that it broke several records in 2021 —on Oahu as well as on the neighbor islands.

Oahu's real estate market experienced unprecedented price growth in 2021, as lack of for-sale inventory pushed prices higher and fueled homebuyer competition. It's likely to be a seller’s market for the foreseeable future, so homebuyers should be prepared for prices to continue to increase in 2022.