The effects of the coronavirus pandemic are passing through the real estate market and most measures of market activity are returning to typical levels, a tribute to the continual strong demand for housing on Oahu. July home sales are down compared to July last year; however, both are up by double-digits in the past two months. Homes and condos that closed in July saw another jump in selling prices bid-up over asking prices, signs of continued demand and a competitive market. However, Single-family home ‘Inventory for Sale’ is an exception. Active listings for homes have been lowering for almost a year now; active listings for condos dropped below last year’s level in July and are trending down.

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