Signs that the single-family home market is strengthening include falling inventory and a return of Days on Market to previously low levels. Connelley added that as the single-family home market regains its footing, there is a potential for more price increases in 2020.

Oahu's 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.

With 3,000 single-family homes and 1,800 condos—all constructed after 1990—and more than 3,000 additional housing units planned by 2035, Oahu’s Second City is growing to meet rising demand.