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Oahu housing inventory continues to rise as sales fell short in November, compared to the previous year. Although higher mortgage interest rates and record inflation are contributing to a pullback by homebuyers and sellers, competitive conditions remain the norm.
Locations Lead Real Estate Research Analyst John Jacobson and Locations Senior Manager of Marketing and Communications Taizo Braden discuss the Oahu condo market in October 2022 and offer insights for homebuyers and sellers.
As mortgage rates continue to rise and concerns around inflation and the economy mount, the slowdown in the Oahu real estate market continued. However, this moderation is more of a return to typical market conditions than an indication of a falling housing market.
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