“We’re pleased to see more choices for prospective homeowners this spring, with increases to both single-family and condo housing stock,” said Scott Higashi, president and CEO of Locations.

With prices on the rise in almost every neighborhood across the island, we've heard some would-be homeowners wonder aloud if the Oahu real estate market is heading toward a bubble. In short, the answer is no.

March 2018 was a big month for condos. A six percent increase in new condo listings pushed the number of available condos to nearly 1,500 units. Condo prices also hit a record high in March at $440,000, just barely edging out January’s median price of $439,000. Some good news for condo shoppers is that competition is easing up a bit, thanks to increased inventory.