Quantcast Oahu Home Sales Dipped in April 2023 as Buyers, Sellers Hesitate | Locations
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Oahu Home Sales Dipped in April 2023 as Buyers, Sellers Hesitate

Although home sales continue to be lower than in recent years, the market is returning to typical seasonal patterns as homebuyers adjust to higher borrowing rates and sellers adapt to changes in demand. Neighborhoods with a low supply of for-sale housing are still competitive, while neighborhoods with growing inventory are exhibiting fewer bid-ups.

Looking ahead to the summer, when home sales and prices typically rise, prospective buyers can expect to see decreased competition and more options in neighborhoods with greater inventory. Sellers in higher-inventory neighborhoods will need to price their homes accordingly to ensure a successful sale.