The Oahu single-family home median price remained above $1M for the third month in a row in September. However, even as prices continue to be pushed upward due to a combination of strong buyer demand, low inventory, and competitive market conditions, the market is showing some signs of moderating. Several market indicators are now aligning with typical seasonal trends, which could be a harbinger of a stable and steady market.
There is also good news for first-time homebuyers who meet reserved housing guidelines. Howard Hughes has a new tower planned—Ulana Ward Village—which will add nearly 700 units to Kaka’ako at below-market prices.
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