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.

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.

Heading into fall, the economic outlook is generally positive for the Oahu real estate market. Mortgage interest rates are below 6.5 percent and will likely continue to edge slightly lower over the next several months. As rates come down, an increase in demand is expected, particularly among first-time homebuyers.

Wondering how the Oahu real estate market is performing in 2024 (and where it's headed next)? Check out the 2024 Mid-Year Oahu Real Estate Market Update from Locations' Research Department. The below report provides a detailed look at current trends, as well as a look ahead. Whether you plan to buy, sell, or are simply interested in the local market, read on for insights into the factors that are shaping Oahu's real estate landscape.