The Oahu real estate market held steady in June 2023. Home prices are stable and even rising slightly, and that trend is expected to continue into next year. Homebuyers are coming to terms with higher mortgage rates and, together with experienced lenders, are finding flexible borrowing solutions.
Sales activity continues to be limited by a lack of inventory; however, a small bump in homes for sale last month is welcome news for prospective buyers. In general, homes are beginning to sell more quickly as sellers move to adjust list prices to more accurately reflect home values.
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