Locations Lead Research Analyst John Jacobson shares five charts that show what’s happening in the Kaka’ako real estate market in Fall 2023.

As we head into the last quarter of year, the Oahu real estate market continues to move at a steady pace. Oahu for-sale inventory is holding flat, while new inventory is still lagging. Market trends throughout the summer and into fall continue to point to competitive conditions for buyers.

Check out 5 key insights into the Oahu real estate market in Fall 2023, from Locations Lead Research Analyst John Jacobson.

Despite rising interest rates, there is still strong demand for Oahu real estate. While single-family home and condo sales are lower than the previous two years, sales have been stronger than expected in summer 2023. Days spent on market have also been low. For-sale housing inventory remains flat, constraining home sales—with less than three months’ worth of homes and condos for sale, it’s still a sellers’ market.