The inventory on Oahu is at historically low levels. Combined with today's interest rates, which maximize buying power and have brought more buyers into the market, these inventory levels are changing the playing field for buyers and sellers. Low Inventory:
What this means for home sellers:
What this means for home buyers:
The chart below shows how competition drives prices: As the number of bids-over-asking price increase, they exert pressure on prices. Prices begin to rise in response. There is a lag between those factors as the market adjusts over time. |
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Scott Higashi (R) VP of Sales Prudential Locations Office: (808) 735-4200 |